Caribbean Airlines Quiet on bankruptcy reports

The airline has been rumoured to be in financial difficulty for some time now and has chosen not to comment on reports that its Board is trying to get a $100 million loan from the Government of Trinidad and Tobago in order to pay its staff and suppliers. This after word was circulated that the company is facing a debt of $500 million.

The Manager of the airline’s Corporate Communications told the Trinidad Express, that he would not comment on the matter, but stated that the regional carrier is directing its efforts at  a stabilizing and transformation initiative, for a more self sustaining and profitable operation.

Media  reports have stated that the airline has already fired employees in Jamaica following the completion of their contracts and is considering options in regards to its operations in the island, including a call-centre which currently employs 90 people.

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