Business
New plans for REDjet – To launch more routes
Two things which have impacted negatively on the Caribbean’s first and only Low Fares Airline REDjet are now being remedied.
The first was a statement last November in the Barbados press, by one of its major shareholders, Ralph “Bizzy” Williams to the effect that the airline’s future was in jeopardy because it needed a cash injection of US$8 milllion to continue its operations.
The second was the airline’s attempt to revamp its schedule to reflect more timely arrival and departure times at its various destinations, which was interpreted to mean cancellation of some 46 flights. Coming so soon after the “Bizzy” Williams’ statement, the airline, already plagued by bureaucratic red tape resulting in delays of one kind or another, has to put the entire issue in its proper perspective.
Speaking in Barbados last week, REDjet’s chief executive officer Ian Burns said, “I can assure you there is no issue between the investors.” And in Port-of-Spain last week, Robbie Burns, the airline’s Business Development Officer told reporter, “Investors are coming up with their money.”
“Cash flow was never a problem, it was simply the investment climate across the region. Investors were in a wait and see mode,” he added.
