Air Tahiti Nui secures loan over Covid-19 losses
Air Tahiti Nui has been granted a $US21 million loan from the French Polynesian government because of the impact of Covid-19.
The deal was signed by president Edouard Fritch and the airline’s head Michel Monvoisin.
The funds help the carrier make up for the losses incurred by the suspension of flights between late March and mid-July.
During that period, Air Tahiti Nui had one of its aircraft chartered by the French government to provide a continued link to Paris.
Air Tahiti Nui has since restarted services to the US and France.
Last month, however, more than 100 employees of Air Tahiti agreed to accept voluntary redundacy as the flag carrier grappled with the downturn in tourism.
SOURCE – RADIO NZ