IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 26 Mar 2012 | Removal date: open ended
Still in force

FDI: Treatment and operations, nes

On March 26, 2012, Fiji's military authorities issued Decree No. 26 of 2012 to seize Air Pacific. Air Pacific was owned by Qantas, an Australian Airline, with 46.3 per cent of the shares and by the Fiji state with 51 per cent of the shares. According to Fiji's authorities, Air Pacific is de facto controlled with veto rights by Quantas; despite being minority shareholder. 
Fiji's authorities tried to nationalise the airline in 2010, but no agreement was made. Now, the authorities claim that the seizure was not related to the 2010 failure, but to the fact that Qantas had veto rights over operational decisions of Air Pacific while being one of the competitors through Quantas' subsidiary Jetstar. Qantas officials denied having such veto rights.

AFFECTED COUNTRIES

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