British Airways seeks to take over Caribbean Airline?
- Article: Aviation expert expresses support for the sale of BWIA to
Date: Saturday, November 08, 2003
Source: www.cananews.com - Caribbean News Agency.
BRIDGETOWN, Barbados, CMC A regional aviation analyst says he would
support a take over by British Airways of the operations of cash-
strapped regional airline, BWIA, if would mean support for the
planned merger with LIAT.
John Gilmore, who is the man behind the privatisation of Air Jamaica
back in 1994, has expressed support for the proposed sale, is however
cautioning that there would be no real benefit for the region if BA
purchases the regional carrier for its own commercial purposes.
Gilmore's comments followed a report in the Trinidad Guardian
newspaper on Friday, which stated that the Trinidad and Tobago
government was considering offers to sell the airline to a number of
investors, including British Airways.
"I would think if British Airways were to come in with an interest in
BWIA, it would make logical sense for them to continue that interest
in LIAT which provides regional distribution for them. Without them,
(LIAT) I would think it would be pretty much a non-starter for the
Caribbean," he told the Caribbean Media Corporation (CMC).
Prime Minister Patrick Manning has remained tight-lipped on the
matter only admitting that an offer had been made without
Gilmore believes that a single regional carrier is the solution to
the aviation problems in the Caribbean and has called on regional
governments to pursue the merger involving LIAT and BWIA.
He believes that an international carrier like British Airways could
assist in this effort.
Gilmore has also praised the work of Allen Stanford, Chairman and
owner of Caribbean Star Airlines saying the Texas Billionaire has
done a great job in growing the carrier, which is the new kid on the
block in regional air transport.
"I think Mr. Stanford should well be a part of an overall solution.
If he wanted to take over BWIA or LIAT and I were a Caribbean
government, I would jump at the chance," Gilmore added.[-End]
On The Web:
British West Indies Airways (BWIA) aka B-WEE
LIAT Airlines (West Indies)
Caribbean Star/Sun Airlines