Advocate: "THE seven-year-old Caribbean Star operated its final flight yesterday, marking a takeover by competitor LIAT, in a buyout that Chairman, Jean Holder, describes as 'one of the most significant business deals in the history of the Caribbean' . Late last month, the two carriers finalised and executed an agreement that facilitated the transfer of Caribbean Star's assets to LIAT. That asset purchase agreement did not include the remaining five aircrafts leased by Caribbean Star, which are expected to be transferred to LIAT in a separate transaction expected to coincide with today's closure of the carrier, owned by Antigua-based Texan billionaire, Sir Allen Stanford."
Forbes I recently spent a week in Turks and Caicos , my first time out of the country since the pandemic hit. Like many Caribbean countries, Turks and Caicos rely almost entirely on tourism to power their economy, so they’re desperate for travelers to return. I’m happy to report that these beautiful beaches felt like an escape from the despair of this global pandemic, and here’s how they are keeping travelers safe.