Haiti Videos > Opinions > VIDEO Eske se vre yo pa...

Trouble in the Air in the Caribbean: Court of First Instance...

Homelandsecuritas Says...

Trouble in the Air in the Caribbean:
Court of First Instance of Curacao has declared United Caribbean Airlines BV and Jet Air Caribbean BV, collectively operating as Jet Air, bankrupt.

Jet Air was the sole airline based in Aruba, Curaçao, and Bonaire with jet aircraft, offering scheduled and charter flights connecting Curaçao with Aruba, Bonaire, Jamaica, the Dominican Republic, Haiti, St. Maarten, Suriname, and Colombia.

The airline received its operating permit in November 2019, just before the onset of the COVID-19 pandemic, which severely impacted its initial operations.

Post-pandemic, JetAir aggressively resumed its services, targeting routes from Curaçao to Colombia, Jamaica, the Dominican Republic, Haiti, and St. Maarten.

However, the expansion of local airlines Winair and Z Air, alongside the emergence of low-cost Arajet and the expansion of Sky High, constrained JetAir's limited operations.

Additionally, the high operating costs of its Fokker 70 aircraft forced JetAir to ground one for spare parts.

Recently, the airline was negotiating a transition to more cost-effective ATR 42/72 turboprops or smaller jets like the CRJ and ERJ.

JetAir has reported losses amounting to 2 million Aruban florins (ANG), equivalent to 1.1 million dollars, in the first four months of 2024, as per Expreso Curaçao. The same source indicated that the board of directors compelled JetAir to cease operations and ground its sole Fokker 70 (PJ-JAB).

Initially, the airline will need to inform passengers, employees, and other stakeholders, secure assets, and explore possibilities for a short-term resumption of flights.

JetAir's bankruptcy aligns with the financial struggles of other Caribbean airlines such as Air Antilles and LIAT, both of which have since re-emerged with new investors.

Posted June 19 2024 at 7:27 PM

REPLY to this message

or start a NEW Topic

  Topic »

Messages in Topic

Subject Author Date
When You Purchase Through Links On Our Site, We May Earn An Affiliate Commission. Here's How It Works. Comments (1) Graphic... Haitinouvo 06/18/2024
Ave The Brazilian Flag. The Rio De Janeiro-Born Designer Released The Clothing Line In The Middle Of Jair Bolsonaro's... Haitinouvo 06/18/2024
BY Placing Mulattoes In Positions Of Power. By 1932, The U.S. Withdrawal From Haiti Was Well Underway During The Administration... Haitinouvo 06/18/2024
Petro-Caribe : The Saga Continues After The Death Of Jovenel Moise: Second And Final Round Of Bidding In A Court-Mandated... Haitinouvo 06/18/2024
To Concerns About The Condition Of The Facilities To Which Haitian Migrants Were Recently Relocated, The Ministry Of National... Homelandsecuritas 06/19/2024
Trouble In The Air In The Caribbean: Court Of First Instance Of Curacao Has Declared United Caribbean Airlines BV And Jet Air... Homelandsecuritas 06/19/2024
When Alfredo Maneiro Immerses Himself In Studying The Historical Significance Of Niccolo Machiavelli's work1, He Proceeds To An... Homelandsecuritas 06/19/2024
Emy Uslugi Prawne W Zakresie: Nabywania I Sprzedazy Nieruchomosci, Poczawszy Od Przygotowania Umow Kupna I Sprzedazy Oraz... Nouvohaiti 06/20/2024
Germany Ends Deal With Adidas. German National Team Is Ending Its Long-Standing Partnership With Adidas And Has Signed A Deal... Collegesmith 06/20/2024
William Ruto's State Visit To Haiti Cut Short By Protest In Nairobi. Collegesmith 06/20/2024