SI Government
p. 32 · Read in the full issue
take over Solair
Solomon Islands Govern ment has assumed ownership of Solomon Islands Airways Ltd (Solair), after purchasing 51 per cent of shares valued at Sls 1,414,130 from Mr Dennis Buchanan, held through his Vanuatu-based company, Ampac Holdings Ltd. Negotia tions took three years and in clude Ampac’s two subsidiaries, Pacific Car Rentals Ltd and Hunts of the Pacific Ltd.
The Minister of Posts and Communications, Mr John Maetia, reacted to criticism of the Government’s takeover,
saying “I know the way ahead will be difficult for us. Running an airline is no easy business but we are determined to suc ceed. ”
Former General Manager, Mr Paul Reed, has been replaced temporarily by Mr John Baura, until a new General Manager is appointed.