Tonga’s sole domestic airline, Lulutai Airlines, is seeking expressions of interest (EOI) for share acquisition from capable domestic and international investors.
The call provides a unique opening to invest in a strategically placed Pacific airline with established routes, growing tourism and freight demand, and scope for regional network expansion.
The airline outlined requirements for applicants: financial stability (audited statements for the past two years), aviation-related experience, and alignment with Tonga’s national interests. Investors may seek minority or majority stakes, with tailored structures to support long-term growth.
This move follows mounting financial concerns. Government figures show Lulutai has spent over $21 million and reportedly requested a $7 million bailout. The airline previously received $10 million from the Retirement Fund Board, $4 million in shares plus $6 million in loans.
Transparency and governance have been under scrutiny. Tonga’s Auditor-General reported the absence of share certificates proving government ownership. A Royal Commission is reportedly being considered to examine aircraft procurement processes amid repeated maintenance issues.
EOI submissions close 30 June 2025.
