JIS News

Prime Minister Bruce Golding said that the business proposal by airline pilots for ownership of Air Jamaica would be thoroughly reviewed if the current negotiations with Caribbean Airlines of Trinidad fall through.
He was speaking on his monthly radio talk show programme, Jamaica House Live last night, (January 27).
“If the negotiations with Caribbean Airlines do not lead to an agreement, we would be in a position to look at the business plan that has been submitted by the Jamaica airline Pilots association. We have gathered enough experience in this divestment exercise that has been going on for over a year, looking at all the due diligence that has been done, the analysis of the financial evaluation and so on. We know what to look for to ensure that it is a proposal that can be sustained. Once we dispose of Air Jamaica, there is no possibility to come back to the government. The budget cannot take it,”
Last night’s edition of Jamaica House Live was the first for 2010. The Prime Minister spoke with Jamaicans at home and abroad who participated in discussions ranging from concerns about public utilities, the public sector wage bill, taxation system, crime and justice, mortgage, responsibility of landowners and concerns of overseas students.

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