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 have been a long time vacation homeowner on Aruba, the tiny Dutch Caribbean island off the coast of Venezuela. Only 20 miles long and 6 miles across, the cactus-filled, dry island features my favorite beach in the entire world. Endless days spent on the famed Eagle Beach floating in crystal clear, aquamarine warm waters is why massive throngs of tourists return annually to this island paradise.