Court of Curazo declares the airline JetAir bankrupt

Court of Curazo declares the airline JetAir bankrupt
Court of Curazo declares the airline JetAir bankrupt

The Court of First Instance of Curaçao declared the bankruptcy of the local airline JetAir Caribbean, which offered scheduled and charter flights to several Caribbean destinations.

JetAir was the only airline based in Aruba, Curacao and Bonaire and its routes connected these Dutch islands with Jamaica, the Dominican Republic, Haiti, Saint Martin, Suriname and Colombia.

The company reported losses of more than $1 million, Therefore, its board of directors forced it to cease operations, according to local media reported this Thursday.

The airline now needs to inform passengers, employees and other stakeholders, secure assets and explore possibilities for a short-term resumption of flights.

Founded in 2006 as United Caribbean Airlines, it was renamed JetAir in 2019, when it received its operating permit that November.

Its beginning coincided with the covid-19 pandemic, which had a serious impact. JetAir was able to resume its services, but the expansion of local airlines Winair and Z Air, along with the emergence of Arajet (low-cost) and the expansion of Sky High, limited its operations.

JetAir’s bankruptcy aligns with the financial difficulties of other Caribbean airlines such as Air Antilles and LIAT, which, however, have recently resurfaced by gaining new investors.

EFE

 
For Latest Updates Follow us on Google News
 

-

NEXT New Volkswagen T-Cross, what changes and how much does the renewed compact SUV cost?