Tonga’s Minister of Public Enterprises Piveni Piukala says the government wants to position Lulutai Airlines (L8, Tongatapu) for sale, but doing so will require it to repay loans.

Piukala told the Kaniva Tonga digital newspaper that if state-owned Lulutai Airlines continued on its current course, outstanding loans, specifically TOP6 million pa’anga (USD2.5 million) lent to it by the State Retirement Fund, would never be repaid.

The Tongan government has also invested TOP15 million (USD6.3 million) in the…

Source: ch aviation
Read more: Tongan gov't wants to make Lulutai Airlines fit for sale