Jamaicans abroad upset at sale of Air J

[R_C]

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

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: RichD</div><div class="ubbcode-body"> missa shaw did sey :

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">The divestment of Air Jamaica is one of the conditions of the agreement with the International Monetary Fund
, which is expected to sign off on a US$1.25 billion loan facility for Jamaica on Wednesday, January 27.

Shaw said to divest the airline it would cost the Jamaican Government $27 billion (US$300 million).

&quot;We are going to have to pay redundancy; we are going to have to pay a lot of legacy obligations, like the IRS (Internal Revenue Service), which has been owed over US$34 million for the longest while,&quot; he said.

<span style="font-weight: bold">Caribbean Airlines will not be assuming the airline's US$1.3 billion of accumulated debt.

Shaw said much of that liability are monies owed to the Jamaican Government, which, he said, &quot;we will have to absorb over time&quot;.</span></div></div>

here </div></div>

Isn't it interesting that the amount of the IMF loan is almost the same as the debt accumulated by Air Jamaica.

[RichD]

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

coincidental ?

[R_C]

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

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: RichD</div><div class="ubbcode-body">coincidental ? </div></div>

You tell me.

In any event, I think that this would have gotten the attention of every board member of the IMF, given the fiduciary obligations they have to their respective member states. That would also (partly) explain the hard line they have taken with respect to the sale of Air Ja.

[RichD]

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

i think that Accumulated debt number is a throw away number ...designed to garner support for the sale. you hear different stories..one story says $600 M in long term debt plus $200 Million in short term ..then you see the $1.2B number...

where is the reality and who is the money owed to

[R_C]

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

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: RichD</div><div class="ubbcode-body">i think that Accumulated debt number is a throw away number ...designed to garner support for the sale. you hear different stories..one story says $600 M in long term debt plus $200 Million in short term ..then you see the $1.2B number...

where is the reality and who is the money owed to </div></div>

Ah ! You mean you want the government to be transparent in their dealings with a taxpayer owned entity ?

Good one !

[RichD]

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




cho why yuh haffi mek mi look so

[evanovitch]

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

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Rollin_Calf</div><div class="ubbcode-body">How is a receivable a liability (in accounting terms )? </div></div>

well as i tell people who i owe money, 'as long as i owe u u wi neva go broke'

i.e. u fi receive it yes, but since mi liable fi no pay u eva , u wi brukpocket yes, but fi eva can claim it seh u ha money , butttttt it coming a plus n a minus rite deh so...a so we dweet yaad stylee

[evanovitch]

Air J workers hold peaceful protest against sale of the airl

Air J workers hold peaceful protest against sale of the airline
Monday, 08 February 2010
A large crowd of protestors gathered at the Harbour Street office of Air Jamaica carrying out their planned peaceful protest to press their campaign for the national carrier to be held in local hands.

The government plans to divest the airline to the Trinidad owned Caribbean Airlines but voices have been clamouring for the carrier to be sold to the Jamaica Airline Pilots Association (JALPA), a group which represents Air Jamaica pilots.

The protesting Air Jamaica workers were joined by JALPA members and the Informal Commercial Importers (ICIS) who say if the airline is sold, they will have problems flying their goods to Jamaica.

The protest was organised by the National Workers Union (NWU).

Secret letter to the IMF

The protesters primary concern during was an alleged secret letter sent to the International Monetary Fund (IMF) that spoke to the sale of Air Jamaica.

They called for full disclosure regarding this alleged letter.

The protesting Air Jamaica workers, several of whom stand to lose their jobs in the foreign divestment deal, maintain that keeping the airline in local hands is in the best interest of the country.

They feel that this is another peace of Jamaica being sold from under the people's feet.

Air J divestment could impact future investors - NWU



Granville Valentine, NWU Vice President.And the NWU which represents several Air Jamaica workers claims that the divestment will do more harm that good as potential investors will be less inclined to do business with a country which does not have a national airline.

According to Granville Valentine, NWU Vice President, says the Bruce Golding administration should consider this before making a final decision on Air Jamaica's future.

&quot;<span style="font-weight: bold">No investor internationally will want to invest heavily in a country that doesn't have a national airline because they want to have free movement, they need to know that when there's crisis or there's natural disaster or some major issues, there is an airline to transports their goods and services freely and they don't have to depend on external bodies who may choose not to prioritise the needs of Jamaica</span>,&quot; Mr. Valentine said.

[evanovitch]

Re: Grave insult:Open letter to the nation of Trinidad and Tobag

<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: evanovitch</div><div class="ubbcode-body">u need to read di post down in Politricks dat hint at di deals he has made....di Chinese coming bak n even di homegrown ones gwine to get a run fi dem money from dese new incomers....

dem gwine sweep dem monopoly pon commercial sector BIG time </div></div>

<span style="font-family: 'Arial Black'">Chinese coming back?</span>
We have had diplomatic ties with China since 1938 I think.

<span style="font-family: 'Arial Black'">They are going to sweep their monopoly on the Commercial Sector?</span>
How so? </div></div>

let mi simply it since u seem fi figet ur yaadism....is di new wave of Chinese to Ja but dis time dem is not coming as Coolies....dese dat coming not gwine to necessary identify wid di homegrown who currently lock dung supamarket etc so dem new ones a go gi di ole one a run fi dem money

dese new ones is juss out fi profit , dem no eena di social hierachy keeping n di local jockeying fi position...

whoa....

[Tuff Gong]

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

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: RichD</div><div class="ubbcode-body">i think that Accumulated debt number is a throw away number </div></div>

<span style="font-family: 'Arial Black'">Prove this</span>!
You are saying there is no accumulated debts?
Air Jamaica has zero debts?

[Tuff Gong]

Re: Air J workers hold peaceful protest against sale of the airl

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: evanovitch</div><div class="ubbcode-body">&quot;<span style="font-weight: bold">No investor internationally will want to invest heavily in a country that doesn't have a national airline because they want to have free movement, they need to know that when there's crisis or there's natural disaster or some major issues, there is an airline to transports their goods and services freely and they don't have to depend on external bodies who may choose not to prioritise the needs of Jamaica</span>,&quot; Mr. Valentine said. </div></div>

<span style="font-family: 'Arial Black'">B.S.!</span>

[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">i think that Accumulated debt number is a throw away number </div></div>

<span style="font-family: 'Arial Black'">Prove this</span>!
You are saying there is no accumulated debts?
Air Jamaica has zero debts? </div></div>

prove what? how can i prove it one way or the other? can you prove that its a valid number and that the number isnt $800M or $700 M? or $1.7Billion for that matter?

[evanovitch]

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

TG is a literal person...he doesn't understand how the term 'thowaway is being used'

additionally, on the one hand he decries proof yet on the other he demands its....

dat is y it is refreshing to discuss wid him..u neva know wat will come

[Tuff Gong]

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

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: evanovitch</div><div class="ubbcode-body">TG is a literal person...he doesn't understand how the term 'thowaway is being used'

additionally, on the one hand he decries proof yet on the other he demands its....

dat is y it is refreshing to discuss wid him..u neva know wat will come </div></div>

Where have I decried <span style="font-family: 'Arial Black'">proof</span>?
What <span style="font-family: 'Arial Black'">proof </span>have I decried?

[Tuff Gong]

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

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: RichD</div><div class="ubbcode-body">Prove what? how can i prove it one way or the other? can you prove that its a valid number and that the number isnt $800M or $700 M? or $1.7Billion for that matter? </div></div>

So <span style="font-family: 'Arial Black'">you</span> don't know one way or the other you just know it is throw away figure?
How do you know it is a <span style="font-family: 'Arial Black'">throw away figure</span>?


From a meeting purported to be with the Prime Minister of Jamaica:

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Air Jamaica

* J$1.3 billion in debt to date</div></div>