Air Pacific
and Pacific Blue increase flight capacity to Fiji
Air Pacific plans to invest $2.6 billion to extend the fleet with eight
new aircrafts – including three more 787s – said managing director John
Campbell.
The company also stated it will not withdraw from any of its routes
because of increased fuel prices, and there are also plans for a number
of aircrafts to undergo refurbishment in the current fleet, as well
extended leases for the airline’s 747 and 767s.
A smaller airline, Pacific Blue, which flies from Australia and New
Zealand is already having a major impact on the economy after increasing
its Fiji services from 12 to 24 flights per week. With over 161,000
visitors flying Pacific Blue to Nadi since it started the service, the
economic impact is assessed to be in excess of FJ$250 million.
The huge investment by Air Pacific will have an even bigger impact on a
country where tourism represents a quarter of GDP. Fiji has largely
benefited from tourists from the traditional markets of Australia and
New Zealand, but its increased focus on diversification is seeing it tap
into other markets, such the growing Asian tourism market.
Fiji’s robust tourism sector, the low prices and the explosive potential
of Fiji property make it an excellent short-term investment. And Fiji
property is expected to grow in value by around 15-20 percent and
possibly even by as much as 30 percent depending on where you buy.
David Stanley Redfern Ltd, the overseas property specialists, has
property in the prime location of Koro. The island is one of the most
unique destinations in the Pacific, combining unrivalled natural beauty
with sustainable development and low-impact tourism.
Only accessible once a week by plane and twice a week by ferry, Koro is
known as the most fertile island in Fiji, boasting large plantations,
thriving tropical forests and world renowned bird life. Planting Kava
and selling copra make up the main economic activities for the villagers
and to the people of Nacamaki Village, the turtles are their sacred
ancestral god.
David Stanley Redfern’s Koro Sea-View Estate is a unique development of
450 acres nearby warm turquoise waters and coral reefs. With moderately
sized land plots from just £16,000, and small off-plan studios from
£25,000, it represents the perfect opportunity to buy a slice of
paradise and to make money; rental yields can be expected to grow from
the current 6-8 percent to around 10 percent by 2010, and annual capital
appreciation is expected to be 20% but could be as much as 50 percent
over the next two years.
Find out more about Fijian property
Originally published
www.prlog.org June, 2008
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