Fiji: Fiji Airways COVID-19 Liquidity Support Facility

Nonsovereign (Private) Project | 54311-001

Fiji Airways COVID-19 Liquidity Support Facility will fund Fiji Airways' fixed costs during operational shutdown caused by COVID-19 and working capital requirements for a 2021 ramp up and restoration of its flight services.

Project Details

  • Project Officer
    Pascual, Francis Mark A.
    Private Sector Operations Department
    Request for information
  • Country
    Fiji
  • Sector
    • Transport
Project Name Fiji Airways COVID-19 Liquidity Support Facility
Project Number 54311-001
Borrower/Company Air Pacific Limited
Country Fiji
Location Nation-wide
Type or Modality of Assistance
4047 Loan Ordinary capital resources USD 40.00 million Committed
8392 Loan Leading Asia's Private Infrastructure Fund (LEAP) USD 25.00 million Approved
Strategic Agendas Inclusive economic growth
Regional integration
Drivers of Change Partnerships
Private sector development
Sector / Subsector

Transport / Air transport

Gender Equity and Mainstreaming Effective gender mainstreaming
Responsible ADB Department Private Sector Operations Department
Responsible ADB Division Portfolio Management Division, PSOD
Responsible ADB Officer Pascual, Francis Mark A.
Project Sponsor(s)
Description Fiji Airways COVID-19 Liquidity Support Facility will fund Fiji Airways' fixed costs during operational shutdown caused by COVID-19 and working capital requirements for a 2021 ramp up and restoration of its flight services.
Objectives and Scope The project supports Fiji Airways' effort to sustain its business through the COVID-19 crisis and return to profitable operations.
Linkage to Country/Regional Strategy

The project is consistent with ADB's Strategy 2030 because it fosters regional cooperation and integration. By supporting Fiji Airways, a core transport pillar in the South Pacific, ADB will help preserve connectivity and access to air transport for Fiji and Pacific small island developing states. The project also promotes private sector-led growth in Fiji and, through the gender measures captured in the agreed gender action plan, gender equality.

ADB's Fiji Country Partnership Strategy, 2019-2023, highlights the importance of promoting private sector investment and growth, including by promoting domestic and regional connectivity through transport infrastructure.

Safeguard Categories
Environment C
Involuntary Resettlement C
Indigenous Peoples C
Summary of Environmental and Social Aspects
Environmental Aspects Loan proceeds will be used by Fiji Airways as general corporate finance to restore operations and will not be used for purposes or activities that would generate additional or new impacts. Fiji Airways manages relevant environmental, health and safety impacts and risks associated with operations through a system of plans and procedures compliant with national laws and regulations, and applicable international standards for airlines. Fiji Airways will update aspects of its plans and procedures to comply with ADB Safeguard Policy Statement (2009).
Involuntary Resettlement There is no evidence of past involuntary displacement impacts or unresolved grievances associated with Fiji Airways owned buildings on leased land. The company was able to demonstrate its compliance with applicable national laws and regulations. Loan proceeds will not be used to purchase or lease land for new business activities.
Indigenous Peoples Loan proceeds will be used by Fiji Airways as general corporate finance to restore operations and will not be used for purposes that would directly or indirectly target distinct and vulnerable Indigenous Peoples or ethnic minority groups. Fiji Airways will continue to operate in accordance with national laws and regulations that protect the right of customary landowners.
Stakeholder Communication, Participation, and Consultation A public transport service provider, Fiji Airways ensures adequate participation of civil society organizations, customer and other non-government stakeholders through its corporate public relations functions and various communication channels. Fiji Airways demonstrated its active engagement with local trade unions and maintains a complaints handling and customer feedback system with a focus on optimizing customer service.
Timetable for assistance design, processing and implementation
Concept Clearance 26 Jun 2020
Credit Committee Meeting 24 Nov 2020
Approval 27 Jan 2021
Last PDS Update 27 May 2021

Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

The Access to Information Policy (AIP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.

The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.

In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.


Safeguard Documents See also: Safeguards
Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.

None currently available.


Evaluation Documents See also: Independent Evaluation

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Related Publications

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The Access to Information Policy (AIP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.

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