Fiji’s national carrier, Air Pacific, is to upgrade its services adding new destinations and new aircraft to its fleet.
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, 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 and buying property in Fiji.
About DSR Asset Management Ltd
DSR is an overseas property investment specialist, working directly with developers in more than forty countries. All properties are exclusive to DSR , giving an unparalleled selection of resale and new builds.
Please direct all media queries, requests for press information and editorial details, to media@davidstanleyredfern.com
David Redfern is the director of DSR Asset Management Ltd an overseas property investment specialist. David works closely with developers in more than forty countries and oversees the DSR education programme which lectures individuals and organisations on property investment. Advertise Your Private Overseas Property
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