Fiji : Fiji Airways COVID-19 Liquidity Support Facility

Nonsovereign Project | 54311-001

Project Details

  • Project Officer
    Pascual, Francis Mark A.
    Private Sector Operations Department
    Request for information
  • Country/Economy
    Fiji
  • Sector
    • Transport
Project Name
Fiji Airways COVID-19 Liquidity Support Facility
Project Number
54311-001
Borrower / Company
  • Air Pacific Limited
Country / Economy
  • Fiji
Location
Type or Modality of Assistance
Approval Number Facility Fund Source Amount Status
4047 Loan Ordinary capital resources USD 40.00 million Closed
8392 Loan Leading Asia's Private Infrastructure Fund (LEAP) USD 25.00 million Committed
Operational Priorities
  • OP2: Accelerating progress in gender equality
  • OP7: Fostering regional cooperation and integration
Sector / Subsector
  • Transport / Air transport

Gender
Effective gender mainstreaming
Project Sponsor(s)
    Description
    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.
    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.

    Contact

    Responsible ADB Officer
    Pascual, Francis Mark A.
    Responsible ADB Division
    Portfolio Management Division, PSOD
    Responsible ADB Department
    Private Sector Operations Department

    Timetable for assistance design, processing, and implementation

    Concept Clearance
    26 Jun 2020
    Credit Committee Meeting
    24 Nov 2020
    Approval
    27 Jan 2021
    PDS Creation Date
    27 Jan 2021
    Last PDS Update
    04 Apr 2023

    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.

    Title Document Type Document Date
    Fiji Airways COVID-19 Liquidity Support Facility: Gender Action Plan Gender Action Plans Dec 2020
    Fiji Airways COVID-19 Liquidity Support Facility: Report and Recommendation of the President Reports and Recommendations of the President Dec 2020
    Fiji Airways COVID-19 Liquidity Support Facility: Initial Poverty and Social Analysis Initial Poverty and Social Analysis Jun 2020

    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

    None currently available.


    Related Publications

    None currently available.


    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.

    Requests for information may also be directed to the InfoUnit.