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[InselAir] InterCaribbean has 2 weeks to present bank guarantee

News about this airline - please include a link to the source as well as the article text itself.
Web site: http://www.intercaribbean.com/
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[InselAir] InterCaribbean has 2 weeks to present bank guarantee

Unread post by bimjim » Thu Dec 06, 2018

http://curacaochronicle.com/local/inter ... ee-letter/

[InselAir] InterCaribbean has two weeks to present bank guarantee letter
Thu, Dec 6th, 2018


The airline from Turks and Caicos, interCaribbean Airways has less than two weeks to present a bank guarantee letter of 11 million guilders. The court will decide the future of the local airline InselAir on December 18.

The airline is going through some uncertain period at the moment. According to sources close to the airline, the founder of InselAir, Edward Heerenveen is also abandoning ship. The airline is financially unhealthy and is in desperate need of a takeover.

If interCaribbean cannot produce the bank guarantee before December 18, the court could declare InselAir bankrupt.

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