Caribbean News Now!

About Us Contact Us


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.


Submit news and opinion for publication


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


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 to discuss financial assistance to local airline
Published on February 1, 2014 Email To Friend    Print Version

WILLEMSTAD, Curacao -- Coalition leaders in Curacao will discuss with the minister of economic development, Stanley Palm, the minister of aviation, Earl Balborda and the minister of finance, Dr Jose Jardim, the request made by the local airline Insel Air to the Curacao Airport Holding (CAH) for a loan.

Officials from the ministry of economic development have been working on a proposal on how CAH can assist Insel Air financially. The argument used in this proposal is that companies like Air Berlin are receiving incentives from Curacao, while not transporting as many passengers as Insel Air, which is not receiving these incentives.

Recently there was a proposition in the Council of Ministers to give Insel Air financial assistance through CAH, but the ministers did not make a decision on this matter, instead they left if for the political leaders of the coalition parties to decide. Balborda did not want to comment on this topic ahead of the meeting.

At the end of last year, there was a dispute between Curacao Airport Partners (CAP) and Insel Air about incentives not granted to the local airlines. In this case, the aviation company believes that it deserves these incentives from the airport operator. The Department of Civil Aviation intervened between the two parties to help solve this issue. According to reports, CAP and Insel Air agreed on some of the incentives and the local airline will receive a loan of $2 to $3 million from CAH.

This has become necessary since Insel Air has about $50 million stuck in Venezuela through the country’s foreign exchange administrator CADIVI. Venezuela is not only a problem for Insel Air but for many other international airlines operating to and from that South American country.
Reads: 10576

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



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


As a result of our comments feature being overtaken in recent weeks by spammers using fake email addresses, producing a large number of bounced verification emails each day, we have reluctantly decided to suspend the comments section until further notice.

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: