Finance Minister Colm Imbert

Finance Minister Colm Imbert

ACTING Prime Minister Colm Imbert skirted a question on whether Caribbean Airlines was considering cancelling the lease arrangement with Boeing for 12 737 Max aircraft.

The supplementary question was posed by Wade Mark in the Senate yesterday. “CAL has made arrangements to extend the leases of its current fleet (of Boeing 737 aircraft) as and when required,” Imbert said.

Get caught up with news from the news leader
Subscribe now and get access to the Trinidad Express E-paper
SUBSCRIBE/ LOG IN

Imbert said in December 2018 CAL executed lease agreements with two lessors for operating leases with 12 737 Max aircraft to replace the current fleet of 737 jets. He said subsequent to the two crashes involving Max aircraft, CAL had been in constant contact with the lessors and Boeing in order to be fully apprised of the developments and findings as regulatory investigations take place.

“In terms of the status of the agreement to lease the Max 8 aircraft, this lease agreement is subject to the lessor providing all approval documentation and certification of air worthiness from the FAA, which has not yet occurred. If the aircraft are not certified as air worthy then CAL will be under no obligation to accept them or pay for them. In the interim CAL has made arrangements to extend the leases of its current fleet of Boeing 737 aircraft as and when required to ensure a smooth continuity of its flight operations.”

RECOMMENDED FOR YOU

GOVERNMENT could be forced to make a termination payment of up to an estimated US$43 million to the China Gezhouba Group International Engineering Co Ltd (CGGC) for the cancellation of its contract with the Housing Development Corporation (HDC), according to Express Business calculations based on local high-rise apartment construction costs and profit projections.

BP, one of the world’s largest oil and gas companies, is concerned about the global rise in energy consumption. “BP’s position is we want to see a rapid transition to a low carbon energy system,” said Spencer Dale, chief economist of the BP Group. 

YOU MAY have seen him walking the streets of Port of Spain. He’s always dressed to the nines in his shirt and matching tie, sporting our national flag on his shirt sleeve. He holds an army-green case in each hand with neat rows of delicious, homemade cassava pone inside.

TECHNOLOGY that can revolutionise the way the real estate professionals do business. That’s how Michelle Beharry has described her recently developed cloud-based software for real estate brokers and agents.

THE COLOSSAL discoveries ExxonMobil has made in Guyana to date will help expand production and revenue generation through a number of projects, analysts say will be the most profitable in the world.