KINGSTON, Jamaica – Trinidad’s Finance Minister Larry Howai Friday named a new board of directors for the cash-strapped state-owned national carrier, Caribbean Airlines (CAL), less than 72 hours after he told legislators that the company had accumulated losses in excess of US$100 million.
Howai told a news conference that the new interim board will be chaired by former independent legislator Phillip Marshall and includes the Jamaican Dennis Lalor.
“The immediate mandate of the new board will be to do a detailed diagnostic review of the company after they have done an initial orientation to provide detailed recommendations on which we could proceed to implement specific measures for addressing the turnaround of the airline,” he said.
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