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Air Pacific Board Endorses Profit Sharing for Employees

Nadi, Fiji - The Board of Directors of Fiji's national airline Air Pacific in principle today approved management’s recommendation for a profit sharing programme for all airline employees that could take effect as soon as the company returns to profitability. This decision is a historic one for the company and a first in Air Pacific's 60 year history.

In announcing the landmark development, Air Pacific Managing Director and CEO Dave Pflieger said “the Board's decision reflects the recognition that our people are Air Pacific’s greatest asset.” Mr. Pflieger also added that “while we have the Board’s approval in principle, we cannot implement this new programme until we have approval of a finalized plan, and we have ensured that we, our employees, and our unions produce the permanent cost savings that will be needed to help finance this programme.” 

“The ability to share company profits with the team at Air Pacific will be a huge milestone in building a new partnership with our employees, and I want to thank our Board for their support on this key issue.  I remain confident that we, our employees, and our unions will be successful in putting new employment agreements in place that will help return the company return to profitability and ensure that Air Pacific will succeed in the face of increased competition from low cost airlines and record high jet fuel prices."

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