Caribbean News Now!

About Us Contact Us

Countries/Territories

Jump to your country or territory of interest

Advertise with us

Reach our daily visitors from around the Caribbean and throughout the world. Click here for rates and placements.

Contribute

Submit news and opinion for publication

Subscribe

Click here to receive our daily regional news headlines by email.

Archives

Click here to browse our extensive archives going back to 2004

Also, for the convenience of our readers and the online community generally, we have reproduced the complete Caribbean Net News archives from 2004 to 2010 here.

Climate Change Watch

The Caribbean is especially vulnerable to rising sea levels brought about by global warming. Read the latest news and information here...

Follow Caribbean News Now on Twitter
Connect with Caribbean News Now on Linkedin



News from the Caribbean:


Back To Today's News

Curacao government called on to save local airline
Published on March 15, 2014 Email To Friend    Print Version

insel_air_md80.jpg
An Insel Air MD80 aircraft

WILLEMSTAD, Curacao -- Curacao Airport Holding (CAH), together with the Curacao Tourism Bureau (CTB) and the Curacao Hospitality and Tourism Association (CHATA), believes that the government should help Insel Air with their dire financial situation.

“Disappearance of the aviation company would be disastrous for the Curacao economy and we can’t allow this,” CAH Director, Maurice Adriaens said in an interview with the local newspaper Extra.

Adriaens confirmed that the three organizations have sent a letter to the government with requesting help for the local aviation company. It is known that Insel Air is going through some financial difficulties because of the situation in Venezuela. Insel Air has about $80 million dollars stuck in the South American country.

According to Adriaens, the three organizations explained in the letter that it is worthwhile saving the airlines due to the important position the company has for the island’s economy. The government itself has recently requested advice on how it can save Insel Air.

The letter was sent to the government together with a proposal on how to save the company. Adriaens indicated that he believes the government will deal with this issue as soon as possible and hopefully, in the coming days, will call the various stakeholders to meet and come up with a solution.

Adriaens said, “Insel Air’s biggest problem is Venezuela. It has a lot of money stuck in that country. We have to find a solution on how to get that money or to receive it in kind in the form of fuel or other products. But we have to find a sustainable solution, because we cannot forget that, due to the company’s situation, it has a lot of debt to different other companies in Curacao. They are all private companies and they have to receive their payment otherwise they will have to close their doors. The situation is urgent and we have to find a solution in a short time.”

CAH has also asked the Curacao Airport Partners (CAP) to withhold action against Insel Air. CAH has not been collecting payments from CAP for two weeks now. CAP has shown understanding for the situation but the debt is accumulating and the risk is increasing. If the government decides that it will not help Insel Air then it will have serious consequences for the company and it will affect others. The director recognized that the effects will be great if Insel Air is declared bankrupt.
 
Reads: 2782





Click here to receive daily news headlines from Caribbean News Now!



Back...

Comments:

No comments on this topic yet. Be the first one to submit a comment.

Back...

Send us your comments!  

Send us your comments on this article. All fields are required.

For your contribution to reach us, you must (a) provide a valid e-mail address and (b) click on the validation link that will be sent to the e-mail address you provide.  If the address is not valid or you don't click on the validation link, we will never see it!

Your Name:

Your Email:

(Validation required)

Comments:
Enter Code





Disclaimer
User comments posted on this website are the sole views and opinions of the comment author and are not representative of Caribbean News Now or its staff. Caribbean News Now accepts no liability and will not be held accountable for user comments.
Caribbean News Now reserves the right to remove, edit or censor any comments. Any content that is considered unsuitable, unlawful or offensive, includes personal details, advertises or promotes products, services or websites or repeats previous comments will not be approved.
Before posting, please refer to our Terms of Use and Privacy Policy.



Other Headlines:



Regional Sports: