Airline mulls new strategy
Qantas-backed Fiji Airways will consider new destinations and closer alliances with other airlines as part of a five-year plan to be devised under the reins of a new chief executive.
Fjii's national flag carrier said it was open to expanding its alliance with Qantas from a basic interline agreement to a code-share deal.
The Fijian government owns 51 per cent of the airline, while Qantas has 46 per cent. The relationship between the two hit a low last year when Qantas removed its four representatives from the airline's board in response to the Fiji government making clear its intention to take "absolute control".
Chief executive Stefan Pichler said the airline would consider new routes. But it was unlikely to make major changes in the medium term to capacity on routes between Australia and Fiji. The airline has 26 flights a week to Melbourne, Sydney and Brisbane.
"We don't want to have a market share battle. The market is pretty much in a good state and a good place for all competitors there and we don't necessarily want to shake it up," he said.
InvestSMART FORUM: Come and meet the team
We're loading up the van and going on tour from April to June, with events on the NSW central & north coast, the QLD mid-north coast and in Perth, Adelaide, Melbourne, Sydney and Canberra. Come and meet the team and take home simple strategies that you can use to build an investment portfolio to weather any storm. Book your spot here.
Want access to our latest research and new buy ideas?
Start a free 15 day trial and gain access to our research, recommendations and market-beating model portfolios.Sign up for free