Caribbean Airlines given 2-Years to be profitable or shutdown

Caribbean Airlines given 2-Years to be profitable or shutdown

Trinidad PM says CAL not operating on profitable basis, threatens shutdown Trinidad’s Prime Minister Kamla Persad Bissessar says the state-owned Caribbean Airlines (CAL) does not operate a single profitable route, and has given the management of the airline two years to get the company’s financial house in order or face the sack. Addressing a meeting […]

T&T – PM Warns Caribbean Airlines Over Losses

Port of Spain, Trinidad – Trinidad and Tobago Prime Minister Kamla Persad Bissessar has warned that state-owned Caribbean Airlines (CAL) could face management shake-ups — or even closure — unless it becomes profitable within two years. Speaking at a United National Congress (UNC) meeting Monday night, Persad Bissessar said CAL has not produced an audited financial statement in nine years despite paying millions to accounting firms. She claimed t…