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.

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.”


THE Caribbean Hotel and Tourism Association (CHTA) says Trinidadian Brian Frontin waselected president of the Caribbean Society of Hotel Association Executives (CSHAE) during a meeting here on Saturday.

CL Financial and CLICO have the capacity to repay immediately the $8.1 billion that the Government says the group owes it for the bailout of the conglomerate that began 11 years ago, according to the shareholders of CL Financial, who have launched a legal campaign to wrest control of the group from the State.

Frustrated, disappointed and concern about the elderly were just some of the sentiments expressed by several people who lined up outside the Central Bank to exchange their old $100 cotton bills for the new polymer notes on Thursday morning.

FINANCE Minister Colm Imbert said the Government could not risk having important legislation failing in the Parliament and affecting this country’s relationship with the Global Forum.

REMITTANCE fees are too high in the Caribbean, says economist Marla Dukharan. “Remittance fees in the Caribbean are nearly double those of Central America, which is also another heavily dependent region on remittances. The average cost of remittances in the region is 8.9 per cent of the transaction and it can get as high as 11 per cent,” she said yesterday.