Fly Jamaica in talks with prospective purchasers

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Web site: http://www.fly-jamaica.com/
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bimjim
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Fly Jamaica in talks with prospective purchasers

Unread post by bimjim » Tue May 28, 2019

http://rjrnewsonline.com/local/fly-jama ... purchasers

Fly Jamaica in talks with prospective purchasers
Tue May 28, 2019

It has emerged that two sets of investors are seeking to purchase the beleaguered airline Fly Jamaica.

Captain Ronald Reece, one of the owners of the airline, confirmed in a brief interview with RJR News that two suitors were seeking to acquire the airline.

Captain Reece said he was unable to comment any further as talks are continuing.

Sources told RJR News that Fly Jamaica has been in talks with one group for almost a year. That group, said to be out of France, has offered to buy the airline, make redundancy payments and clear other debts owed by Fly Jamaica.

RJR News has learnt that the airline currently owes several airports various fees.

News of talks with the investors comes weeks after the Jamaica Civil Aviation Authority (JCAA) confirmed that it had suspended the airline’s air operating certificate.

Nari Williams Singh, Director-General of the JCAA, said action was taken as Fly Jamaica had not been operating for some time.

It closed operations in March and made the positions of its workers redundant.

The airline has been struggling since one of its planes crash landed at Cheddi Jagan International Airport in Guyana last November

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