News
-
Caribbean Challenge Initiative to address environmental threats to the region
The Caribbean Summit of Political and Business Leaders, May 17-18, will bring together heads of state and corporate executives to launch Phase II of the Caribbean Challenge Initiative (CCI) to address environmental threats to the Caribbean region. With the goal of protecting 20 percent of the Caribbean’s marine and coastal resources by 2020, the CCI is among the most ambitious…
Read More » -
DON’T BLAME ME
PORT OF SPAIN, Trinidad – Former controversial Caribbean Airlines (CAL) chairman George Nicholas says he’s not to blame for the company’s present financial state. The six-year-old airline, of which Nicholas was the chairman for 16 months, has been in the red for the past three years and has suffered millions in losses and write-offs during the same period. Nicholas’s response…
Read More » -
Rowley: Air Jamaica bleeding T&T ‘like a chop neck’
PORT OF SPAIN, Trinidad – Opposition Leader Dr Keith Rowley said yesterday Air Jamaica was bleeding Trinidad and Tobago “like a chop neck”. “Right now nobody knows what the Minister of Finance is doing by bankrolling CAL. All he is doing is giving them permission to go and borrow money short term. As of now we don’t know how much…
Read More » -
Chairman defends board, blames ex-workers
PORT OF SPAIN, Trinidad – CAL chairman Rabindra Moonan yesterday defended his board’s decisions in the midst of financial challenges. The six-year-old state company has found itself managing a billion-dollar debt and having to write off millions in losses owing to mismanagement of the company’s cargo revenues and credit card fraud. In a telephone interview with the Express yesterday, Moonan…
Read More » -
Government to disclose financial position of Caribbean Airlines
PORT OF SPAIN, Trinidad, CMC – Finance Minister Larry Howai is expected to detail the financial position of the state-owned Caribbean Airlines (CAL) on Tuesday amid media reports that the airline has had to write off millions of dollars in losses owing to mismanagement and credit card fraud. Howai is due to inform the Senate on the airline’s finances over…
Read More » -
CARICOM HEADS VEX OVER CAL
PORT OF SPAIN, Trinidad – Shareholder governments of the regional airline LIAT say the T&T Government’s subsidy to State-owned Caribbean Airlines (CAL) is a violation of the Revised Treaty of Chaguaramas that governs CARICOM. Dr Ralph Gonsalves, Prime Minister of St Vincent and the Grenadines, speaking at the end of a shareholders’ meeting of LIAT in Barbados, said the subsidy…
Read More » -
No-confidence motion debate on Monday
PORT OF SPAIN, Trinidad – Debate on the motion of no-confidence against Prime Minister Kamla Persad-Bissessar and the People’s Partnership Government is set for next Monday. Opposition Leader Dr Keith Rowley who filed the motion, was not prepared to comment on the view that the motion was frivolous. “I will make my case on Monday,” he said, adding that a…
Read More »