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Wednesday, June 20, 2007

LIAT/Caribbean Airlines looking to oil futures to stabilise price-

Business: News in the Caribbean - "BRIDGETOWN, Barbados, June 20, 2007 - With jet fuel being one of the most expensive operational costs that is constantly increasing, two of the region's airlines are in negotiations to purchase oil futures as a way to stabilise the price and offer lower fares.
Chief Executive Officer of LIAT, Mark Darby, and CEO of Caribbean Airlines, Peter Davies, confirmed to Tuesday that they were in separate discussions with a number of companies. Neither revealed the names of the companies."