Highlights

of the year

SUCCESSFUL completion, within budget, of the new $lB million aircraft maintenance and administration facility at Nadi; • Seventh successive year of profitable operations. Air Pacific is now a $2OO million per year turnover company; • Repayment of loan in full on ATR 42 aircraft; • Sale of two ATR 42 aircraft to Guinness Peat Aviation in April 1992 and subsequent short-term leaseback; • The successful introduction, in Aug ust 1992, of new, ex-factory Boeing 737-500 aircraft making Air Pacific and all Boeing jet company; • The reintroduction of a jet service (737-500) on Pacific island routes and

associated introduction of Business Class seating option; • Relocation of the company from the capital city Suva to Nadi, the hub of Air Pacific’s international! operations; • Reintroduction of popular Suva- Auckland direct service from August 1992; • Introduction of new route direct service Nadi-Christchurch (decision

taken November 1992, service intro duced April 1993); • Receipt of second and final tranche of the European Investment Bank loan to partially fund construction of Nadi Aircraft Maintenance and Administra tion facility. All other expenses associ ated with hangar construction funded from own resources; • The successful bilateral negotiation of two services to Osaka, Japan, applicable when new Kansai Airport opens this year; • Resumption of weekly Nadi-Los Angeles service on 8747 aircraft from July this year. Decision announced December 31, 1993.