EXCLUSIVE: PJIAE is no longer a St. Maarten Asset, St. Maarten Government failed at bondholders meeting. | SMN News

~ Management Board and Supervisory must be re-screened, Dutch demanding CFO position, Project will cost PJIAE $2M ~

PHILIPSBURG: — The delegation that went to New York on March 26th, 2019 to meet with the bondholders to renegotiate the loan agreement for the Princess Juliana International Airport (PJIAE) failed miserably as they basically sold out the country’s asset to the bondholders and the Dutch Government.

Bondholders Demands.

SMN News learned that the Government of St. Maarten has agreed to commit all money earned at the PJIAE to the bondholders, money derived from the Airport Departure Fees (ADF) while PJIAE will

To read more: http://www.smn-news.com/st-maarten-st-martin-news/31586-exclusive-pjiae-is-no-longer-a-st-maarten-asset-st-maarten-government-failed-at-bondholders-meeting.html