Originally Posted by EYBusdriver

This is cut and paste from one of the Trinidad newspapers.


"Caribbean Airlines has also put in a bid to acquire cash-poor Air Jamaica, which has been struggling to stay in the air for the past couple years because of the international downturn in tourism-related travel.

Sources confirmed last night that Caribbean Airlines has bid for the Jamaican airline, in a deal that would require a cash injection to start operating a new entity.

The deal would require the Jamaican government to close Air Jamaica and pay staff members severance, since Caribbean Airlines would not be interested in taking on debt from the Jamaican carrier, an industry source said in a phone interview last night.

Caribbean Airlines had made the bid for Air Jamaica about a month ago. Spirit Airways, a low-budget international carrier, is also bidding to acquire Air Jamaica. No deal has been finalised as yet, the source said."