The Accountable and Responsible Minister
Minister for Finance and Treasury
Board of Directors
|Mr. Frank Wickham||Chairman||10/02/2024|
|Mr. Anthony Makabo||Member||10/02/2024|
Solomon Airlines Limited (SOLAIR) is a Solomon Islands company registered under the Companies Act 2009. 100% of its shares are owned by the Government of Solomon Islands, through the Investment Corporation of the Solomon Islands (82.3%) and Solomon Island Holdings (17.7%).
SOLAIR is governed by a board of directors that is responsible to the Minister of Finance and Treasury, being the Accountable Minister for Solomon Airlines Limited.
Vision and Mission
Solomon Airlines serves a domestic network of 24 destinations, and four international cities (Brisbane, Nadi, Port Vila and Port Moresby). It is the only scheduled airline operating on domestic routes, although it does not have statutory exclusivity on any of its routes.
Community Service Obligations
Solomon Airlines received SBD5.3 million, SBD5.8 million, SBD9.9million, SBD3.039 million, SBD2.766 million and SBD3.8 million in payments for the provision of community service obligations (CSOs) in 2013, 2014, 2016, 2017, 2018 and 2019 respectively. These CSOs are air services to provincial airstrips where ticketing revenue is insufficient to cover the costs of service.
|Financial Highlights (SBD ‘000)||2013||2014||2015||2016||2017||5-yr Average|
|Net Profit After Tax||-8,968||-11,806||-32,928||-17,244||10797||-12,029|
|Cash / Current liabilities||0.036||0.075||0.084||0.038||0.221||0.0908|