New airline, Caribbean Airlines, to commence operations in early 2007
Port of Spain, Trinidad (September 8, 2006) - The Government of the Republic of Trinidad and Tobago, 97.188 per cent shareholder of BWIA West Indies Airways, has approved a substantial capital injection for the creation of a new regional airline, Caribbean Airlines based in Trinidad. Caribbean Airlines will have its base at Piarco, the international airport of Trinidad, and will, subject to local and international regulatory approval, commence operations early in 2007. It will provide regional air transport within the Caribbean and between the Caribbean and major international cities. BWIA will continue uninterrupted service to its valued customers while management ensures a seamless transition to Caribbean Airlines.
Caribbean Airlines will inherit the long, safe and respected experience of BWIA, which, after 66 years of service, will close. This heralds an exciting phase in air travel and aviation history in Trinidad and Tobago and the region.
Peter Davies, chief executive officer, confirmed the equity injection will allow Caribbean Airlines to operate an effective, efficient and profitable customer-oriented service reflecting the needs of the communities within the Caribbean. It will also ensure the vital connections to world centres continue to reflect the increasing commercial and industrial importance of Trinidad and Tobago while recognizing the essential responsibilities of trade and community within the region. Davies also stated that the mandate he received through the Board of Directors from the Government of Trinidad and Tobago allowed him, the management and staff of BWIA to recognize the dynamic changes that are affecting the global airline industry and to position Caribbean Airlines in an ever-increasing competitive context.
“We are looking to the 21st century whilst being empathic to our historical past. Determination, passion and focus will allow us to build a future and respond honourably to the loyalty that customers have demonstrated over the years,” stated Davies.
All tickets already purchased for travel on BWIA will be honoured by Caribbean Airlines, and BWEE Frequent Flyer air miles and Club BWEE memberships will transfer and qualify on the new airline to ensure customer continuity and confidence.
Further details on Caribbean Airlines will be released during the next few weeks.
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