Jamaica Cabinet Receives Five-Point Business Plan for Air Jamaica
Ailrine needs US$60 million
"This is the latest strategized business plan to make this airline more efficient and more effective," Minister of Information and Development, Donald Buchanan said, at the weekly post-Cabinet press briefing at Jamaica House.
He explained that the five-point strategy included: increased reliability; route rationalization to consolidate the administration of the airline in Kingston; outsourcing Air Jamaica Vacations; and converting airbuses to Boeing.
The Minister noted that the airline has been operating at a deficit for some time and there is a need for the injection of some US$60 million to ensure that the airline meets all of its capital requirements.
"Going forward over a two-year period, the proposal is that the airline will require another US$65 million to take it through to the end of the year 2008," he said.