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.
3-May-2010 12:32 PM