|Listen to Live Jamaican Radio, Listen to Power 106 FM 24x7. Click Here to Listen Free | (Advertisement)|
REG CAL says no increase in fares as fuel subsidy to be halted
2013-09-12 09:50:47 | (0 Comments)
The Trinidad-based Caribbean Airlines says it will not be increasing ticket prices in response to the Kamla Persad Bissessar administration's announcement this week that it was ending its subsidy to the state-owned carrier.
Finance Minister Larry Howai said the subsidy, which was estimated at 40 million US dollars last year, would come to an end October 1.
Howai told legislators that CAL must move towards the adoption of a financially-sound business model for positioning the airline in targeted segments of the global tourism market.
FOR MORE STORIES WATCH:
Like our new Facebook page:
Follow us on Twitter:
Email us at:
Source: The Gleaner/Power 106 News
The opinions on this page do not necessarily reflect the views of The Gleaner. The Gleaner reserves the right not to publish comments that may be deemed libelous, derogatory or indecent. To respond to The Gleaner please use the feedback form.
Go- Jamaica: Home | Business Directory | Jobsmart | Chat | Gallery | Videos | Events