lostplanetairman
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Air Jamaica sold - First murmurs about who has bought the national carrier have surfaced
Published: Saturday | July 4, 2009
Janet Silvera, Senior Gleaner Writer
WESTERN BUREAU:
The Gleaner has learnt that Indigo Partners and Oaktree Capital, who are reportedly the owners of Spirit Airlines, have bought the country's national carrier, Air Jamaica.
It is further understood that Air Jamaica's name might be changed to Spirit of Jamaica.
Sources close to the negotiations are tight-lipped, but they have confirmed that Trinidadian-owned Caribbean Airlines did not win the bid to take over the Jamaican airline.
.....
Earlier, Spirit had announced the completion of a strategic investment, led by Indigo Partners LLC and funds managed by Oaktree Capital Management LLC. The investment will provide significant resources for the company to consolidate its position as the leading low-cost carrier to the Caribbean, and pursue its long-term growth strategy.
Air Jamaica sold - First murmurs about who has bought the national carrier have surfaced
Published: Saturday | July 4, 2009
Janet Silvera, Senior Gleaner Writer
WESTERN BUREAU:
The Gleaner has learnt that Indigo Partners and Oaktree Capital, who are reportedly the owners of Spirit Airlines, have bought the country's national carrier, Air Jamaica.
It is further understood that Air Jamaica's name might be changed to Spirit of Jamaica.
Sources close to the negotiations are tight-lipped, but they have confirmed that Trinidadian-owned Caribbean Airlines did not win the bid to take over the Jamaican airline.
.....
Earlier, Spirit had announced the completion of a strategic investment, led by Indigo Partners LLC and funds managed by Oaktree Capital Management LLC. The investment will provide significant resources for the company to consolidate its position as the leading low-cost carrier to the Caribbean, and pursue its long-term growth strategy.