Fiji takes control of national airline from Qantas
28 March 2012Fiji’s military government says it is taking control of the country’s national carrier Air Pacific from Australian company Qantas.
Fiji already owns a majority stake in the airline, holding 51 percent of it while Qantas owns 46.3 percent. But Fijian Attorney General Aiyaz Sayed-Khaiyum said Qantas since 1998 has exercised effective control over the carrier because Qantas-appointed board members enjoy supermajority and veto rights.
source: seattlepi.com
