Barbados based Regional Carrier RedJet
Financial woes at RedJet have forced the airline to cancel flights, after an aggressive expansion in recent months.
Naysayers have long said the low-cost model RedJet operates is unsustainable in the Caribbean, and it seems their warning has become reality.
Weeks after Redjet said it needed an 8 million dollar injection to
continue operating…the word is that the carrier is now forced to cancel flights over the next 11 weeks…just to survive.
The Caribbean Media Corporation, CMC, reported that it is in possession of an internal memo from RedJet…in which the company’s Customer Service Manager, Roy Norville advised staff, that 56 flights “will not be operating and have been taken off sale for commercial reasons.”
Flights will be cancelled as early as next week.
The company’s action will affect four routes, two of which service Jamaica.
Friday flights from Barbados to Jamaica and back to Barbados will be cancelled from January 20 to March 31.
The Redjet flight from Trinidad to Jamaica and back to Trinidad which operates on Sundays, will be cancelled from January 22 to March 31.
The other affected routes are Barbados to Guyana and back to Barbados, on Mondays and Thursday’s, from January 16 to March 31, The flight from Trinidad to Guyana and back to Trinidad on Mondays will also be affected during that period.
RedJet investors hinted in November that the cancellations would have taken place…because 8 million dollars that was invested for operating expenses in the initial months of the business, had to be used otherwise.
It was said at the time, that the investors in Redjet, were unwilling to put anymore money into the venture, “as they were fed up with the way their investment had been treated by the Barbados government.”
Article from RJR News (www.rjrnewsonline.com)
