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."