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Air Jamaica sold - First murmurs about who has bought the national carrier have surfaced

Posted by Troy Porter on July 4, 2009 at 1:20am
The Gleaner has learnt that Indigo Partners and Oaktree Capital, who are reportedly the owners of Spirit Airlines , have bought the country's national carrier, Air Jamaica. It is further understood that Air Jamaica's name might be changed to Spirit of Jamaica. Sources close to the negotiations are tight-lipped, but they have confirmed that Trinidadian-owned Caribbean Airlines did not win the bid to take over the Jamaican airline. The news comes days after the Privatisation committee, which has been managing the task of privatising Air Jamaica, submitted its recommendation to Senator Don Wehby, minister without portfolio in the Ministry of Finance. It also comes at a time when the airline is reporting an operational surplus for the first time in 10 years. On Tuesday, Wehby disclosed that the Privatisation Committee, chaired by Dennis Lalor, had submitted to him the evaluation and recommendation report on the privatisation of the national carrier. full: http://www.jamaica-gleaner.com/gleaner/20090704/lead/lead1.html

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