Tag Archives: Highly indebted Caribbean Airlines shedding staff

Highly indebted Caribbean Airlines shedding staff

Highly indebted Caribbean Airlines shedding staff

Caribbean_Airlines_logo-600x270Demerara Waves Sunday, 31 March 2013

Caribbean Airlines (CAL) is reportedly facing what amounts to a more than $500 million debt, and the airline has already refused to renew the contracts of several persons in Jamaica to save money.

The Trinidad Express newspaper on Saturday quoted the airline’s spokesman, Clint Williams as saying that he could not address reports of bankruptcy and the carrier was trying to borrow $100 million from the Trinidad and Tobago government to pay its staff and suppliers.

“We prefer not to discuss any specific aspect of the report that we have seen in the media at this time.     Continue reading