PORT OF SPAIN, Trinidad, Friday May 27, 2011 – Just over a year after Caribbean Airlines (CAL) acquired Air Jamaica’s fleet and route rights, the merger of the two airlines is finally complete.
The deal was consummated yesterday afternoon with the signing of the shareholders agreement in the twin-island republic by Jamaica’s Finance Minister Audley Shaw and his Trinidad counterpart, Winston Dookeran, giving the Jamaica Government 16 percent shares in CAL.
The finalization of the deal gives CAL legal access to all routes operated by Air Jamaica, and also results in CAL becoming the national carrier of Jamaica.
whats with all those fly-by-night (no pun intended) airlines lately?
Air Jamaica is no “fly by night” airline. Started operation in 1969. And certainly not CAL which started as BWIA in 1940.
Right on