Jamaica: Two Offers Received for Air Jamaica
Offers being reviewed
Kingston -- May 13, 2009 -- Minister without Portfolio in the Ministry of Finance and the Public Service, Senator Don Wehby, has confirmed that two offers have been received for the privatization of the national airline, Air Jamaica.
Speaking at the inaugural Scotia DBG Investment's Corporate Investment Seminar, at the Hilton Kingston Hotel on Tuesday (May 12), Senator Wehby said the offers are currently being reviewed and evaluated, before being taken to Cabinet.
Air Jamaica is one of several state-owned non-core entities, racking up significant debts, which the administration is attempting to divest. He maintained that the administration remains committed to privatising the airline.
"It cannot continue to be a drain on taxpayers. We must find a win-win situation, because the airline has a lot of potential, and what it needs is capital. That is our mandate. Let us find the capital and recapitalize Air Jamaica with a partner, and I think we are getting there," Senator Wehby said.
Spread The Word
- Air Jamaica Will Not Fade Away - Tourism Minister
- Air Jamaica Livid Over Government Deal With American Airlines
- Air Jamaica Costing The Country Too Much - Jamaica PM Golding
- Air Jamaica staff braces for lay-offs
- Air Jamaica Announces Miami-Grenada Service
- Air Jamaica Announces the Cancellation of its Bonaire Flights
- Air Jamaica to boost fleet over five years
- Air Jamaica London Route was Uneconomical - Jamaica Finance Minister
- Jamaica Cabinet Receives Five-Point Business Plan for Air Jamaica
- Air Jamaica Promotes Corporate Social Responsibility
- Air Jamaica head says merger proposals are impractical