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A TALE of TWO AIRLINES Transparency and TREACHERY: Air Zealand reveal record $454million LOSS for the year ended June 2020, and go on to release ANNUAL REPORT to world, for it has nothing to hide from us

27/8/2020

1 Comment

 

Fiji Airways, on the other hand, shouts it is the ONLY airline in the world that made a staggering $61.2 million before tax profit in the year ending 31st December 2019, compared to $55.3M in the 2018 financial year.
Ah, can we see the REPORT? No, you have to go, pay and collect from Fiji's Registrar of Companies. The 2019 Report is still not in the ROC and the only Annual Reports available are for 2015, 2016 and 2017.
It is time Allah told the 'Chosen One' to reveal the Reports to all Fijians, and FREE OF CHARGE, after having loaned $455m to Fiji Airways.
Fijileaks to Andre Viljoen: Since Fiji Airways is not owned by the Khaiyum-Bainimarama cartel, you must stop wagging your finger at those demanding truthful details. If Fiji goes BELLY UP you, like other expatriates before you, will sneak into the cargohold of an airline, and jet out of Fiji. Why didn't you go back to Air Mauritius?

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https://www.rolls-royce.com/media/press-releases/2020/27-08-2020-rr-holdings-plc-2020-half-year-results.aspx
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MAY 2019: Rolls-Royce has signed an agreement with Fiji Airways to power two Airbus A350 XWB aircraft. Rolls-Royce will also provide its flagship TotalCare long-term services, which maximise aircraft availability.

The Trent XWB is the world’s most efficient large aero engine flying today and the world’s fastest-selling widebody engine, with more than 1,800 in service or on order. It has delivered the smoothest entry into service of any widebody engine, and has now flown more than 3.5 million flying hours.

Rolls-Royce TotalCare is a long-term services agreement, under which Rolls-Royce takes responsibility for engine maintenance. Fleets covered by TotalCare achieve better time-on-wing, compared to those aircraft with engines managed solely by airlines or third parties. Rolls-Royce’s competitive, capable and flexible services network operates around the world, and 90 per cent of Maintenance, Repair and Overhaul (MRO) activities happen in close proximity to customers.

November 2019: Airbus Chief Commercial Officer and senior executives of Rolls Royce (that provided the Trent XWB engines that power the A350) and DAE Capital (the Dubai based leasing firm that owns the plane), take part in a traditional Fijian ceremony prior to Fiji Airways taking official delivery of the aircraft in iToulouse, France
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DAE Capital, Dubai Aerospace Enterprise, is the largest aircraft leasing company in the world. As of June 30, 2020 DAE have granted deferral requests to 29 customers; the aggregate rent deferred for these customers represents 12.9% of annual reported revenue. In addition, they are currently evaluating rent deferral requests from 28 customers; the aggregate rent deferral requests from these customers total 6% of annual reported revenue. So Fiji Airways is just one of the many airilines that have been granted loan deferrals: https://dubaiaerospace.com/wp-content/uploads/2020/08/DAE-Results-for-the-six-months-ended-30-Jun-2020.pdf
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Fijileaks on Andrei Viljoen's secret appointment by Aiyaz Khaiyum to the Fiji Develpment Bank as chairman
THIS is very smart and cunning move on Aiyaz Sayed Khaiyum's part. You see, Viljoen has very good connection as far as the European Union is concerned. His very close relationship with Airbus with his purchases of A350s at South African Airways, Air Mauritius and now Fiji Airways has made him the darling of the EU. Now, on the Fiji regime's side, they see in this man a great asset. You see, this guy talks only in Billions, though none of it is HIS or of his master Khaiyum.

Ok, have you heard about the Fiji Development Bank (FDB) being the only accredited entity in the Pacific as a Direct Access Entity (DAE) to the Green Climate Fund (GCF).

Now the EU had pledged that by 2020 it would increase its contribution to $US100 billion to the GCF. Light bulb moment for Aiyaz Khaiyum. Some of these billions has been alloted to the Pacific Island countries. Let's just say $US14 Billion. Yummy to a very hungry and cash famished Khaiyum-Bainimarama regime.

Now to access these funds, your project must be $US5m or more and it must be used for either climate mitigation or restorative projects.

This is where "the billion dollar man" Andre Vijoen comes in. It doesn't matter where from the Pacific you are applying for this fund, your application has to come through the FDB.

Yes. You beauty! It has to come here, Fiji man. Here is where the FDB will be connected to the EU. Let's assume I have a friend who can come up with a proposal for a climate mitigation project worth $US7m. He applies to the FDB for access to the GCF fund.

This is where I get my friend at the FDB to nudge the guys at the EU and get this application through. Very smart indeed.

Expect a lot of innovative $US5m climate change project proposals to be flying all over the place soon.

 A few will be legit, but the majority will be dodgy as the serpent. Elementary, my dear Fijian kai vatas. KAILA!

And the new chairman of Fiji Development Bank will decide who gets the Pullman Bay Resort and Spa Fiji, the five-star luxury resort, on idyllic Wailoaloa Beach, near Nadi. The Fiji Development Bank has advertised the mortgagee sale of the property

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ALLAH'S CHOSEN ONE: As this Maulana told us, Khaiyum is 'Fiji ke Raja'

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1 Comment
Bahuki
28/8/2020 12:07:57 am

Boasting about profits is one thing, but a hidden report might say otherwise about Fiji Airways being dodgy which would make the Minister for Everything look bad with egg on his face.

At least Air NZ was honest about suffering a loss courtesy of Coronavirus.

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