Fiji, June 2 -- The Fiji National Provident Fund (FNPF) is helping to bail out Fiji Airways as it is a strategic investment for tourism, which accounts for around 16 percent of the Fund's investment portfolio.

While confirming FNPF's participation in the Fiji Government-guaranteed loan facility of FJD$455 million (US$207 million) approved by Parliament last week, FNPF CEO Jaoji Koroi said interest payments, deferment and related issues will be discussed with the borrower under the Fund's new lending facility, in which its borrowers can make suitable arragements in light of difficulties faced due to COVID-19.

"FNPF has always had a strategic relationship with Fiji Airways. We're a long term investor and we see Fiji Airways as a strategic...