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Govt. to divest airline.

The government plans to divest the national airline, Air Jamaica, by 2009, reports JIS (Dec. 1, 2007). Sen. Don Wehby, speaking at the Investment Seminar hosted by the Jamaica Money Market Brokers in Kingston, said "the level of Government's support necessary to keep the airline in operation is unsustainable. Continuation of this level of support to the airline is at the expense of the country's social services." The government, he added, is recruiting an investment banker to lead the process. "We hope to have restructured and divested Air Jamaica, such that it is no longer a strain on the budget by the latest March 2009."
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Title Annotation:JAMAICA
Publication:Caribbean Update
Date:Jan 1, 2008
Words:105
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