Ailing InselAir to announce new strategic partner next week

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WILLEMSTAD – The ailing local airline InselAir will know next week who its new strategic partner will be. The Minister of Economic Development Steven Martina has a choice of four candidates.

The intended lender gets 49 percent of the shares, the controlling majority remains in the hands of the government of Curaçao.

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InselAir is in suspension of payment but must have a plan before the end of August to be financially independent. A deal with Avianca parent company Synergy last year did not amount to anything at the last minute.

The financial problems at InselAir have in recent years already led to dismissals and the deletion of routes. There are also many problems with the availability of the fleet.

Source: http://curacaochronicle.com/main/ailing-inselair-to-announce-new-strategic-partner-next-week/

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