Trinidad and Tobago back BWIA
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.
Have your say Cancel reply
Subscribe/Login to Travel Mole Newsletter
Travel Mole Newsletter is a subscriber only travel trade news publication. If you are receiving this message, simply enter your email address to sign in or register if you are not. In order to display the B2B travel content that meets your business needs, we need to know who are and what are your business needs. ITR is free to our subscribers.































Qatar Airways offers flexible payment options for European travellers
Airlines suspend Madagascar services following unrest and army revolt
Digital Travel Reporter of the Mirror totally seduced by HotelPlanner AI Travel Agent
Phocuswright reveals the world's largest travel markets in volume in 2025
Strike action set to cause travel chaos at Brussels airports