United Kingdom
United States
Asia Pacific
Trinidad and Tobago back BWIA
Wednesday, 20 Nov, 2002
0
The Trinidad and Tobago government has agreed to lend cash-strapped airline BWIA $13 million.
The loan was agreed by the cabinet of Prime Minister Patrick Manning with the proviso that by January the airline produces savings of $1.4 million per month.
BWIA has recently restructured and has so far cut costs by around $856,000 a month.
In addition to the loan, BWIA’s management will participate in a study by consultants who will issue recommendations about its future operations.
The airline would almost certainly have gone into receivership without the loan.
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
Robert Terrell: A Journey Through BB King’s Influence
Rochelle Hicks: Celebrating Mississippi’s Musical Legacy
Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
Dozens fall ill in P&O Cruises ship outbreak
Turkish Airlines flight in emergency landing after pilot dies
Boy falls to death on cruise ship
Unexpected wave rocks cruise ship
Woman dies after going overboard in English Channel