Pacific Island Airlines

0 acres - Sold

Pacific Island Air is the largest sea plane charter business operating in Fiji. Located right at Nadi International Airport, the company currently operates 5 airplanes. Three of which are sea planes and two are traditional twin engine planes.

2-De Havilland Beavers, one of which has just completed a top to bottom rebuild. This plane is basically brand new. The other is well maintained and used daily.

1-De Havilland Otter with Turbine engine. Also well maintained and operated daily.

2-Britten-Norman Islanders, one of which is leased to the business.

Included in the business are several hundred thousand dollars worth of aircraft spares, the charter license, several vehicles, hangar, office and all the tools and components. This is a turn key operation with a proven track record and literally busting at the seams!

Pacific Island Sea Planes is, of course, being offered for sale separately from the resort but we've always felt this airline would be a fantastic addition to the purchase of Katafanga Island Resort. It could operate independently initially but then also serve Katafanga's needs immediately upon opening. The business is in very high demand in Fiji with several top name resorts asking for long term contracts to serve their guest transfers. The current owner has run the business well with profits increasing yearly but has recently decided to retire. He has resisted signing additional contracts with the local resorts but has agreed as a condition of sale to remain for a few months to help with the transition and also to secure the additional contracts should the new owner desire to increase the business.

The airline is for sale on a net assets plus good will basis. So the price will change as the assets increase monthly. The current price for the business is US $5,200,000.00