LETTER OF THE DAY - Jamaican in name only
The Editor, Sir:
I support the Government's decision to fully privatise Air Jamaica and remove the financial burden from Jamaican taxpayers.
The Trinidadians and Caribbean Airlines seem to be the front-runners to take over the Jamaican Lovebird and I wish them well.
My first bit of advice assumes that the Trinidadians see the name 'Air Jamaica' as the 44-year-old brand it is, and keep it after their acquisition.
Private Jamaicans must have an ownership stake in Air Jamaica.
The Air Jamaican pilots and workers, if they can buy in without government support or guarantees, are the most obvious first groups that should be approached to take up a stake in Air Jamaica.The airline should also list on both the Jamaican and Caribbean stock exchanges to allow other Jamaicans who wish to buy in to do so.
Buying Air Jamaica is quite unlike the acquisition of the Caribbean Cement Company.
I am sure that the Trinidadian investors aligned with Caribbean Airlines are prudent business-men.
I am, etc.,