Air Jam suppose fi a fly johncrow at dis rate

[evanovitch]

rjr jamaica
Wednesday, 08 July 2009
Air Jamaica is to further reduce its fleet of planes as the Government prepares to hand over the airline to new owners.

A report published by the internet website flightglobal.com says two more aircraft <span style="font-weight: bold">will be returned early </span> to International Lease Finance Corporation <span style="font-weight: bold">in addition </span>to the four Airbus that were previously sent back.

It quoted Air Jamaica's CEO Bruce Nobles as saying that an A321-200 aircraft will exit Air Jamaica's fleet by July 31, followed by an A320-200 by September 15.

While Air Jamaica's business plan still calls for down-sizing its fleet from 15 aircraft to nine between 2009 and 2010, Mr. Nobles says the airline is still evaluating the expected demand after the summer peak.

<span style="font-weight: bold">Mr. Nobles said the carrier may do a sale and <span style="font-style: italic">leaseback</span></span>.

He said the new owner of Air Jamaica might want to consider other options, so the current management will facilitate maximum flexibility.

The Government is expected to announce Air Jamaica's new owner later this month.

[sistactry]

Re: Air Jam suppose fi a fly johncrow at dis rate

i cant believe this is happening,

[blugiant]

Re: Air Jam suppose fi a fly johncrow at dis rate

spirit aff jamaica discount ting

bruce ann de jlp luv fii sell aff jamaican assets eeen. mii still memba dat nyc buildinn dem sell aff dat de guv aff jamaica cood natt afford fii buy now

[Dr.Dudd]

Re: Air Jam suppose fi a fly johncrow at dis rate

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: blakkgiant</div><div class="ubbcode-body">spirit aff jamaica discount ting

bruce ann de jlp luv fii sell aff jamaican assets eeen. mii still memba dat nyc buildinn dem sell aff dat de guv aff jamaica cood natt afford fii buy now </div></div> I can't believe how manypeople are complaining now??
I mean I was the only ine opposing this idea anf fighting a one man battle, for so many years.
now everybody is complaining when it is too late.

[Tuff Gong]

Re: Air Jam suppose fi a fly johncrow at dis rate

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: blakkgiant</div><div class="ubbcode-body">spirit aff jamaica discount ting

bruce ann de jlp luv fii sell aff jamaican assets eeen. mii still memba dat nyc buildinn dem sell aff dat de guv aff jamaica cood natt afford fii buy now </div></div>

The JLP sold one building that you know of and suddenly they have sold off all the assets?
Do you know that Air Jamaica was already up for sale, had already been sold under the PNP and that most of the good parts have already been sold off, including property in London which was said to have been virtually given away?

[Nylah]

Re: Air Jam suppose fi a fly johncrow at dis rate

wasnt AirJ sold before and then bought back by the govt?

[Tuff Gong]

Re: Air Jam suppose fi a fly johncrow at dis rate

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Dr.Dudd</div><div class="ubbcode-body">I can't believe how manypeople are complaining now??
I mean I was the only ine opposing this idea anf fighting a one man battle, for so many years.
now everybody is complaining when it is too late. </div></div>

Where was this battle fought?
If you have been fighting this battle, presumably you have knowledge, why didn't correct Blu's erroneous assertions?

[Tuff Gong]

Re: Air Jam suppose fi a fly johncrow at dis rate

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Nylah</div><div class="ubbcode-body">wasnt AirJ sold before and then bought back by the govt?


</div></div>Of Course!

[Nylah]

Re: Air Jam suppose fi a fly johncrow at dis rate


so why this time worst than the first time then?

[Dr.Dudd]

Re: Air Jam suppose fi a fly johncrow at dis rate

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Nylah</div><div class="ubbcode-body">
so why this time worst than the first time then? </div></div>
At that tim eit wasn't really sold, as in the way we know sale goes.
it's management was placed in the hands of a group of Jamaican based hoteliers, while the majority of shares was owned by the Jamaican government.
So the people who were making the decision owned the minority, but the government had the majority of investment.
It worked as an engine for the local tourist industry, while losing millions in the propcess
this went in for 10 years with the givernment exopending more and more loans to it,until they simply gave it back to the government, with the belief thatthe government will chaange and the new administration would returnit to them.

[Magician]

Re: Air Jam suppose fi a fly johncrow at dis rate

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Nylah</div><div class="ubbcode-body">
so why this time worst than the first time then? </div></div>

Because of who's buying it.

[Dr.Dudd]

Re: Air Jam suppose fi a fly johncrow at dis rate

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Magix_de_PM</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Nylah</div><div class="ubbcode-body">
so why this time worst than the first time then? </div></div>

Because of who's buying it.
</div></div>It does not mater if ort was bought by spirit, or as in the first instance the former EASTERN AIRLINE. It will not operate in t eintrest of the Jamaican tourisnoroduct as was the uitentiion when it was established.
I wantti see how much they are going to pay thenew owners peryear to gurantee airlift, when the market is allowed to go fallow,after the seat price are raised to subsidize other routes where they have to compete on price wit other airlines.

[Tuff Gong]

Re: Air Jam suppose fi a fly johncrow at dis rate

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Nylah</div><div class="ubbcode-body">
so why this time worst than the first time then? </div></div>I don't know the answer to that. The last guy that owned it kept going to the GOJ for money, tossed them J$20mil when he gave it back, claimed a heavy burden was lifted off his back and left Air Jamaica with a pile of debt and expensive leases.
This time it can be no worse. The state is broke.
The World Bank says the Jamaican Economy has not grown past zero in 35 years.
The World Bank also says one category 4 hurricanes this season could wipe out Jamaica's Economy.

Air Jamaica is a drag on the tax and ratepayers of Jamaica and must go. All of it should go the State is making a mistake if it tries to hold on to the proverbial 20%, especially when that 20% is Hardware or Personnel.

[evanovitch]

Re: Air Jam suppose fi a fly johncrow at dis rate

The story of JA's many enterprises...none ,seemingly, have been able to serve our interests..ah sah

[Xavier]

Re: Air Jam suppose fi a fly johncrow at dis rate

What could the average Jamaican do in the very complex arrangement? Many of us support Air Jamaica by traveling with them even when it was a little higher than other airlines. So they have our monetary support. Was it the management of the airline? The instability? The waste? The writing was on the wall for years and I just don't know how it could be avoided unless a private company who knew the business ran it.