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So how comes the Air J giveaway crew

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  • #1

    So how comes the Air J giveaway crew

    never tell me the government of Jamaica will have a 30% share in Caribbean Airlines?

    So we actually own a part. What that mean? The goverment going to have to pump in money? It maybe good if the airline is profitable while is not under direct control.

    How you give away something and still own it?
    • Don't let negative things break you, instead let it be your strength, your reason for growth. Life is for living and I won't spend my life feeling cheated and downtrodden.
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  • #2
    There is a lot you do not understand about the deal..

    All will be revealed in time..

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    • #3
      Caribbean Airlines to buy Air Jamaica, keep routes

      Caribbean Airlines to buy Air Jamaica, keep routes

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      Thu Apr 29, 5:49 pm ET

      KINGSTON, Jamaica – Trinidad's Caribbean Airlines will take over operations of cash-strapped Air Jamaica and its seven routes, retaining 1,000 employees, according to aviation officials.

      Air Jamaica will keep its equipment and offices at the airport, and the Jamaican government will have a 16 percent share in Caribbean Airlines, said Denis Lalor, chairman of Air Jamaica's divestment committee.
      Flights to cities such as New York, Fort Lauderdale, Florida, and Philadelphia will continue, and Caribbean Airlines expects to announce other routes soon. All tickets previously issued will be honored, Lalor said late Wednesday.
      Government officials in Trinidad will invest $50 million in the airline following the May 1 takeover, he said.

      The Jamaican government had set a March 2009 deadline to divest Air Jamaica after it accumulated roughly $1.3 billion in debt.
      In 2007, the government sold the Kingston-to-London route to Virgin Atlantic, and last year, the airline laid off roughly 500 employees as it eliminated routes to Atlanta, Miami and Los Angeles.
      Winning means you're willing to go longer, work harder, and give more than anyone else - Vince Lombardi

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      • #4
        16%

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        • #5
          Of course..top secret deals..right?? Transparency in Govt. - right? Who needs that? The people are idiots...they wouldn't understand..this is high science..no make that economics....politics? No....so if the TT Gov say 16% to Ja and now we hearing 30%....who is getting the 14%????

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          • #6
            Nah man.. nuff tactics inna dis deal.. maximizing synergies and inputs..

            Membah seh is a diffrant philosophy Drivah and di Team dem have... ah business man dem deh... dem nah show dem hand juss suh..

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            • #7
              Originally posted by Exile View Post
              16%
              Drivah a play chess - di %age ownership numbers issued so far range from 0% to nuff adda numba dem!
              "Never doubt that a small group of thoughtful, committed citizens can change the world. Indeed, it is the only thing that ever has."

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