Jamaicans abroad upset at sale of Air J

[evanovitch]

Re: Gov’t selling 2 Air J planes to pay IRS debt

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"> Additionally, the airline is currently in negotiations for the sale of the five floors it occupies on its Harbour Street building in downtown Kingston.

Proceeds of this sale will be used to help continue operations over the next few months until a decision is made.

Golding noted it was made clear in the negotiations that the Air Jamaica brand was not for sale, as this would be retained by the Government.

In addition to keeping the name Air Jamaica, Government will also retain its popular Fort Lauderdale, New York, Philadelphia, Toronto and Baltimore destinations.

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[evanovitch]

Re: Gov’t selling 2 Air J planes to pay IRS debt

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"> The prime minister said that, <span style="font-weight: bold">since its inception in 1969, Air Jamaica has accumulated losses of J$126 billion</span>, including losses of J$31 billion over the last three years</div></div>

[RichD]

Re: Diaspora and Air J, urban farms, students, Haiti

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Tuff Gong</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: RichD</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Tuff Gong</div><div class="ubbcode-body">
C. What does it matter whether or not there a figure tossed around, placed on the table, rolled off an embankment, whatever, however? Since the Government clearly stated that the current potential purchaser is not going in any way shape or form to assume any historical debts?<span style="font-weight: bold">one of the premises of the sale to the trinidadians is that its the best option available...im questioning that ...and the fact that the gov is assumimg the debt makes me question it even more</span></div></div> </div></div>

Well the GOJ had already owned the Air Jamaica's Debts so it is rather unlikely that it could convince any buyer assume such a burden in a distressed sale.

What other scenarios are you visioning?
Say the CAL talks fail, would you like for the Air Jamaica Staff to get the Airline plus the debts? </div></div>

as far as i know the GOJ didn't own the DEBT ..they served as guarantor....Air jamaica was servicing the debt.

I would like to see all bidders offered the same deal being offered CAL. Was Indigo offered the same deal? Was Sprint offered the same deal?

[RichD]

Re: Gov’t selling 2 Air J planes to pay IRS debt

why wasn't the amount owed disclosed to parliament? How much are they getting for these planes? who is buying them?

[Gen]

Re: Gov’t selling 2 Air J planes to pay IRS debt

and to continue...is there anything else left on the island to sell ?

down to the stray dog dem dunga Kgn wharf dem sell \0/

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: RichD</div><div class="ubbcode-body">why wasn't the amount owed disclosed to parliament? How much are they getting for these planes? who is buying them?

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[barosa]

Re: Gov’t selling 2 Air J planes to pay IRS debt

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">&quot;We owe a lot of money (and) we've had to use diplomatic channels to avoid our planes being seized for none payment of fees that are owed to the American government, the IRS in particular. It has been proposed to dispose of those state aircrafts in order to discharge that obligation,&quot; Mr. Golding said.
</div></div>
Yu mean tu seh, dat owa govt ddidn see dis calamity commin from way bac when? ~ Unu memba wen Butch was a part a de group runnin de Airline? - fram dose days, de writin was on de wall and tings could hav bin done to avoid wats happnin now!... It shud pain us to know dat &quot;Uncle&quot; is now in a position &quot;to squeeze our balls&quot; by seizing owa planes if they are not sold... Cha!
_________________________

&quot;At a time of universal deceit,&quot; wrote George Orwell, &quot;telling the truth is a revolutionary act.&quot;

[Magician]

Re: Gov’t selling 2 Air J planes to pay IRS debt

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: barosa</div><div class="ubbcode-body">It shud pain us to know dat &quot;Uncle&quot; is now in a position &quot;to squeeze our balls&quot; by seizing owa planes if they are not sold... Cha!
</div></div>

From de hights of 20+ aircraft from flying to 30 destinations as far away as Frankfurt, London, Manchester and Los Angeles now we're down to aircraft being sold to pay back taxes and the airline being given for FREE to a foreign government. Pain indeed!

[evanovitch]

Speaking of Butch, u see how dem

announce dat police a go investigate di supposed attempts weh a gwane fi bismirch di company hierachy... seems Bahamas, I tink it was, get cawl wid info n board n search di company plane wen it lan deh recently,along di lines of weh did happen a yaad couple months bak...can u imagine the nerve of people to hint of illicit pharmaceutical inventory n dat entity .., so dem a investigate...

yaad stan by dem peeps fi real

[evanovitch]

Btw mi did tink seh wi lease wi planes?

n how much wi come from dem sale fi go to di IRS cause u wudden tink dat given di debt n neva mekking money ,di company actually bought dem fi cash, was able to pay off di pon credit purchase etc...mek u wonda if payment haffi split wid IRS n oddas not to mention if oddas a go get a sweet buy bak price at one of dem much hawked taxes sale up yah... so many ?s ... does dis IRS debt go bak to fi previous govament n if so y
di Heathrow sale money neva try covah dis too...

anybody lissen Mutty fi see how n if dis was discussed wid uptown accents cawling in to drop hints ... u know how somebody who in di know always cawl wid private joking hints re Mutty hot subjek.../_

[RichD]

Re: Btw mi did tink seh wi lease wi planes?

see like of the 8 dem have 6 are leased and di ony 2 dem own dem a sell now.

an is a good question ..what kind of IRS taxes could they be talking..with- holding from employees in the US?

[Magician]

Re: Btw mi did tink seh wi lease wi planes?

Well I don't think the two are paid for. The bank owns them until they are paid. So maybe they will sell, pay off the bank loan and hand over the rest to Uncle Sam.

Latest Jamaican Civil Aircraft Register still shows them as bank owned, although I wouldn't be surprised if JCAA is slow in updating those things.

[RichD]

Re: Btw mi did tink seh wi lease wi planes?

so one article sey dem up for sale for $17 million each ..dat sound low ....what you think magic?

[evanovitch]

RichD u tink wen di 'withholding' did gwane wid di

departure tax money a yaad dem a confuse GCT wid IRS could be a dyslectic acronym ting a gwane dat is funny even if is mi one get mi hint /dbltawk/avoidinglegalfallout

[RichD]

Re: RichD u tink wen di 'withholding' did gwane wid di

yuh mean dem confuse IRD wid IRS?

[Magician]

Re: Btw mi did tink seh wi lease wi planes?

You're joking right! Only 17mil?
Wonder if dem can gi mi credit fi dat a de bank.