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July 4th, 2009, 14:24
| #1 |
| Junior Member Join Date: Jan 2006 Location: NE
Posts: 178
|  Air Jamaica Sold http://www.jamaica-gleaner.com/glean...ead/lead1.html Air Jamaica sold - First murmurs about who has bought the national carrier have surfaced Published: Saturday | July 4, 2009 Janet Silvera, Senior Gleaner Writer WESTERN BUREAU: 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. ..... Earlier, Spirit had announced the completion of a strategic investment, led by Indigo Partners LLC and funds managed by Oaktree Capital Management LLC. The investment will provide significant resources for the company to consolidate its position as the leading low-cost carrier to the Caribbean, and pursue its long-term growth strategy. |
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July 4th, 2009, 15:02
| #2 |
| Old Skool  Join Date: Oct 2007 Location: Currently based at KFPR by way of Central Jersey
Posts: 2,138
 | Re: Air Jamaica Sold
Read this article this morning, sad to see my national carrier have its image changed!  I was really hoping whoever picked the airline up would keep it exactly the way it is, which is Jamaican cultured! Any Jamaican who flies on Air J will tell you the feeling of already being in JA upon stepping aboard. Air J has actually netted profit so far this year which is another reason I was against this whole selling plan, but O well! |
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July 4th, 2009, 17:38
| #3 |
| Senior Member  Join Date: Feb 2006 Location: Memphis,TN
Posts: 774
| Re: Air Jamaica Sold
at least its not republic.... Someone had to say it. 
__________________ PCL130 P2P and Retirement & Insurance |
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July 5th, 2009, 02:01
| #4 | |
| Senior Member  Join Date: Feb 2009 Location: Yankee India Papa
Posts: 983
 | Re: Air Jamaica Sold Quote:
RD
__________________ Ryan | |
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July 5th, 2009, 16:33
| #5 |
| Senior Member  Join Date: Jan 2006 Location: KEWR (by way of Brooklyn, NY)
Posts: 1,139
| Re: Air Jamaica Sold
What de jail?!!? So they didn't want Caribbean to take it over and they thought Spirit is a better idea?! Smh....
__________________  God did not create aircraft pilots to be on the ground. |
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July 5th, 2009, 21:26
| #6 | |
| Old Skool Join Date: Oct 2007 Location: Currently based at KFPR by way of Central Jersey
Posts: 2,138
| Re: Air Jamaica Sold Quote:
 http://www.jamaicaobserver.com/news/...OFFICIALS_.asp | |
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July 5th, 2009, 23:15
| #7 |
| Junior Member Join Date: Jan 2006 Location: NE
Posts: 178
| Re: Air Jamaica Sold
How is selling a 9 Airbus operation with 2500 employees to an airline with 9 737's and 5 Dash 8's equal cost savings? Look, they were losing money since 1994 (or before). They only made money the last quarter as they were told they needed to bolster the books to be sold.
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July 6th, 2009, 12:07
| #8 | |
| Old Skool Join Date: Oct 2007 Location: Currently based at KFPR by way of Central Jersey
Posts: 2,138
| Re: Air Jamaica Sold Quote:
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July 6th, 2009, 20:57
| #9 | |
| Old Skool  Join Date: Nov 2003 Location: KPHX, KFFZ, KIWA
Posts: 21,028
  | Re: Air Jamaica Sold Quote:
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July 6th, 2009, 21:36
| #10 | |
| Old Skool Join Date: Oct 2007 Location: Currently based at KFPR by way of Central Jersey
Posts: 2,138
| Re: Air Jamaica Sold Quote:
 But I didn't say having a single a/c would not work, I am saying that not having a single a/c network CAN work, such as JB, Virgin Atlantic, Thomas Cook, and countless others...
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July 6th, 2009, 23:44
| #11 | |
| Senior Member Join Date: Jan 2006 Location: KEWR (by way of Brooklyn, NY)
Posts: 1,139
| Re: Air Jamaica Sold Quote:
__________________ God did not create aircraft pilots to be on the ground. | |
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July 7th, 2009, 12:33
| #12 | |
| Old Skool Join Date: Oct 2007 Location: Currently based at KFPR by way of Central Jersey
Posts: 2,138
| Re: Air Jamaica Sold Quote:
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