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Friday, April 13, 2007

Broad Street Journal Online - THE WIND BENEATH ITS WINGS: Air Jamaica to get another US$124 million from the Jamaica Government - Top Stories

Broad Street Journal Online - THE WIND BENEATH ITS WINGS: Air Jamaica to get another US$124 million from the Jamaica Government - Top Stories: "The Jamaican Government will guarantee Air Jamaica's efforts to raise J$8.4 billion (US$124 million) this year to finance the struggling carrier's long-term development, says minister of finance and planning Dr Omar Davies.

But Jamaica is not the only Caribbean country spending heavily on its airlines: Trinidad & Tobago has budgeted US$250 million for the transformation of BWIA into Caribbean Airways, while Barbados, Antigua and St., Vincent & the Grenadines have guaranteed a loan of US$55m to refinance Liat as it merges with Caribbean Star."