IMF again advises shutdown of Air Jamaica

[MdmeX]

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IMF again advises shutdown of Air Jamaica
published: Friday | March 9, 2007 <DIV class=KonaBody ssBEK="true">




Apparently unconvinced that the latest restructuring plans at Air Jamaica will turn-around the <SPAN class=kLink style="FONT-WEIGHT: 700; COLOR: orange! important; BORDER-BOTTOM: orange 1px solid; FONT-FAMILY: Arial, Helvetica, sans-serif; POSITION: relative; BACKGROUND-COLOR: transparent">airline</SPAN>, IMF technocrats have again told the Government to shutdown or sell off the carrier and save <SPAN class=kLink style="FONT-WEIGHT: 700; COLOR: orange! important; FONT-FAMILY: Arial, Helvetica, sans-serif; POSITION: relative">taxpayers</SPAN> the big annual subsidy to the business.

The International Monetary Fund (IMF) mission that reviewed the performance of the island's economy last month, in its draft report, raised the Air Jamaica issue in the context of a call on the administration to rein in loss-making public enterprises and the support of the efforts to divest the Sugar Company of <SPAN class=kLink style="FONT-WEIGHT: 400; COLOR: orange! important; FONT-FAMILY: Arial, Helvetica, sans-serif; POSITION: relative">Jamaica</SPAN> (SCJ).

"While privatisation of the sugar company will add to the <SPAN class=kLink style="FONT-WEIGHT: 400; COLOR: orange! important; FONT-FAMILY: Arial, Helvetica, sans-serif; POSITION: relative">debt</SPAN> in the short-run because of Government plans to take over its debt (on divestment), it should help to improve public finances in the longer term," the IMF team said in a document tabled in Parliament this week by Finance Minister Dr Omar Davies.

"Regards Air Jamaica, given that repeated restructuring plans have not su

[Mosiah]

RE: IMF again advises shutdown of Air Jamaica

<DIV>At least the trinis gave up on their silly pride called BWIA.</DIV><DIV></DIV><DIV>But what difference would it make in our case. If we close AirJ we would save taxpayer money but squander it doing some nonsense. Better it go to propping up our dear national airline.</DIV>

[MdmeX]

RE: IMF again advises shutdown of Air Jamaica

Mosiah (3/9/2007)<DIV>At least the trinis gave up on their silly pride called BWIA.</DIV><DIV></DIV><DIV>But what difference would it make in our case. If we close AirJ we would save taxpayer money but squander it doing some nonsense. Better it go to propping up our dear national airline.</DIV>

What?? An astounding NO CONFIDENCE in the Govt. What's wrong wid you Mo(N)

[Muadib]

RE: IMF again advises shutdown of Air Jamaica

Increase stop over Visitors by1 Million and ebryting cris...

Almost 20 years later and we worried about cost of Air Jamaica ?

And Jawge yapping bout how him si Garbage Truck and Fedex Man..

A Cursed People.. 'Hardships there are but di fish at Likkle Ochi NICE !..."