Struggling Caribbean regional airline Liat and fellow money-losing international carrier BWIA will form the basis of a new West Indian airline under a plan by four island governments to stem the tide of red ink that habitually covers their balance sheets. The plan calls for the governments of Barbados, Antigua, St.
Caribbean Star Airlines
American Airlines has entered negotiations to sell its Executive Airlines subsidiary to St. John’s, Antigua-based Dash 8 operator Caribbean Star. Executive Airlines, a division of American Eagle based in San Juan, Puerto Rico, became the subject of divestiture speculation when American failed to secure relief from a clause in its pilot contract that requires it to freeze its regional affiliates’ ASMs in the event of mainline furloughs.
Government shareholders of Antigua-based regional airline LIAT have pledged to support the ailing carrier’s efforts to combat competitive threats from the likes of regional newcomer Caribbean Star. A committee of regional governments led by St. Vincent prime minister Ralph Gonsalves and composed of Barbados, Guyana, St.
The FAA has certified Stanford Aerospace to operate a repair station based in Antigua.
The repair station, which is expected to begin operations by year-end, will initially perform maintenance on aircraft belonging to Caribbean Star Airlines and Caribbean Sun Airlines, which, along with Stanford Aerospace, are affiliates of Stanford Financial Group.
At a ceremony last month marking the delivery of a newly overhauled Dash 8 to Honolulu-based Island Air, ExelTech announced that it secured C$7 million in new contracts this year from five regional airlines from as far afield as French Guyana to perform heavy maintenance at its facilities in Montreal.