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Deadline for Air Jamaica Privatization Gets Pushed to June

April 2, 2009 By: Joe Pike


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Whereas the negotiations for privatization of Air Jamaica are progressing well, a deal was not made by the original March 31 deadline. The entire process is now expected to be completed within another three months, with June being the new deadline, according to Sen. Don Wehby of the Ministry of Finance, who has responsibility for Air Jamaica.

In fact, Wehby has a meeting scheduled for mid-April with an international airline group from which the Privatization Committee has already received an indicative offer for Air Jamaica.  “We anticipate that we will be able to advance the negotiating process quite substantially at that meeting,” Wehby said in a written release.

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