Caribbean Airlines officially took over Air Jamaica on 01-May-2010, with the Trinidad-based airline planning to phase out the Air Jamaica brand within 12 months (Miami Herald/Associated Press/Jamaica Observer, 01-May-2010). Air Jamaica, approximately USD1.3 billion in debt, will continue to operate under contract with Caribbean Air during the transition, with Air Jamaica aircraft to maintain its branding and the carrier's 1,000 employees to be retained. Air Jamaica will also keep its equipment and offices at the airport and the Jamaican Government will hold a 16% share in Caribbean Airlines. Meanwhile, Trinidad and Tobago has reportedly launched open skies talks with the US.
Caribbean Airlines takes over Air Jamaica
You may also be interested in the following articles...
Inselair: opportunities for the airline's niche are ripe if the airline commits to an expanded fleet
Growth at the Caribbean airline group InselAir appears to have levelled after the company more than doubled its fleet between mid-2014 and the end of 2015. Its fleet composition has remained steady at 19 aircraft throughout 2016, and its seat deployment for the year has fallen below levels the company recorded in 2015.
As its seating capacity has decreased in 2016 InselAir Group has continued to expand its network during the last year, bolstering its model that connects markets in Latin America largely to the Caribbean. New flights include service to Brazil and Colombia and Quito, allowing InselAir Group to expand its reach into South America to support its network model. The company is fairly insulated from high levels of competition; on several of its routes it is the lone operator.
For a year the InselAir Group has been exploring opportunities to add aircraft with greater range to its fleet, and at one point was considering Airbus narrowbodies.
HNA's Avolon group to acquire CIT Commercial Air, creating world’s third largest aircraft lessor
HNA Group’s remarkable spending spree continues, with the announcement that its Avolon subsidiary will acquire CIT Commercial Air, the aircraft leasing arm of CIT Group.
The USD10 billion deal will create the world’s third largest lessor - and they may be more to come yet.
Avolon itself was only recently acquired by HNA Group, with the USD2.7 billion purchase agreement being finalised in Jan-2016, via Bohai Capital Holdings.
Avolon is now the core aircraft leasing brand for the HNA Group. Including assets from Hong Kong Aviation Capital, Bohai Capital and several smaller HNA Group leasing firms, Avolon has a fleet of nearly 250 aircraft and almost 200 more on order.