Takeover candidate InselAir suffers from growth scares

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Web site: http://www.fly-inselair.com/
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bimjim
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Takeover candidate InselAir suffers from growth scares

Unread post by bimjim » Mon Nov 12, 2018

http://curacaochronicle.com/aviation/ta ... th-scares/

Takeover candidate InselAir suffers from growth scares
Mon, Nov 12th, 2018

WILLEMSTAD, PROVIDENCIALES

The intended acquisition candidate of InselAir, the inter-Caribbean Airways based on Turks and Caicos, is struggling with considerable growth scares and therefore also with a sub-optimal flight operation.

This is evident from a comprehensive announcement by the airline on its website and social media. The apology follows a rain of complaints about delays and cancellations in the company.

Chairman of interCaribbean Airways Lyndon Gardiner has issued an apology to the traveling public via the airline’s social media for recent flight delays and cancellations experienced by its passengers across their network. Gardiner says that the root cause was an unforeseen delay of several weeks in the training schedule for newly hired flight crew after their service provider experienced a protracted delay in their flight simulator being operational.

“interCaribbean has enjoyed success and growth over the past five years by implementing our strategy to create a network across the region and the installation of a second hub in Tortola to facilitate connections to the Eastern Caribbean,” said Gardiner. “On the flip side of our success is the inevitable need to rapidly train and deploy additional flight crew during a period when there is an acknowledged global shortage of pilots. Nevertheless, we were able to hire the additional personnel and arrange the required training, including the flight simulator sessions with our usual service provider. Unfortunately, after the training began, their simulator equipment broke down for a protracted period and the delay severely impacted our ability to keep to our intended schedule. In retrospect, we probably should have planned for the worst and moved more quickly to reduce the flight schedule. This has certainly been an unhappy learning experience and I wish to personally apologize to the traveling public who were negatively impacted by the delays and cancellations.”

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Re: Takeover candidate InselAir suffers from growth scares

Unread post by bimjim » Tue Nov 13, 2018

https://www.linkedin.com/pulse/takeover ... new-tomas/

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Tomas Chlumecky "Aviation Doctor"

Inter-Caribbean (8 x EMB-120, 2 x ERJ-145, 2 x DHC-6-300) has done very well coming out of the British Overseas Territory (BOT) of the Turks & Caicos, not content with just the plain old 3rd and 4th Freedoms, it has out smarted many, and I am a fan of what it has accomplished under Chairman Lyndon G. Gardiner and CEO Trevor Sadler, from a small operation to a jet operator.

It has taken advantage of the lack of airlines in the Caribbean, especially in Haiti, Jamaica, British Virgin Islands and the Eastern Caribbean, using 5th freedoms, 6th freedoms, and even 8th freedom (cabotage in Jamaica).

Haiti now has an its own airline, Sunrise Airways (1 x A320 ACMI, 1 x B737-800 ACMI, 3 x BAe J32), so that has stopped the 5th, 6th Freedoms, but continue sin Jamaica with 8th Freedom.

Now, it sits pretty with a base of operation in Tortola serving San Juan, Dominica and St. Lucia, right into LIAT's backyard! using another BTO (BVI), with Anguilla as a possibility as well.

It is now setting ap an AOC in the Dominican Republic where PAWA Dominicana failed earlier this year and will use 2 x ERJ-145's against local Air Century which is to add 2 x CRJ200's soon to add to its 2 x Saab 340B, 4 x BAeJ32 and 1 x ATR-72-200F.

Now, it is eyeing Curacao and its InselAir, and its huge debt .

InselAir is in the process of restructuring its operations following several brushes with bankruptcy over the past three years. It is currently afloat thanks, in part, to a ANG33 million guilder (USD18.6 million) loan from the Curaçaon state.

In July of this year a 'fake' company One laser Group LLC of Florida was selected to be its "strategic" partner but as I showed it was BS (link below to article), incorporated in May, 2018, it had no money, no history, and no way could it put down the promised ANG20 million ($US 11.3 million).

Anyway, InselAir is desperate to stay alive, in my opinion to avoid bankruptcy so that auditors do not come in or forensic accountants to find where all the money has gone, including the reported $97 million in Venezuela! all BS!

I think inter-Caribbean should stay away from Curacao, lots on its plate and the politics and corruption there can destroy the years of hard work to get it where it is now.

Get your DR operation up and running, get the ERJ-145's flying and don't take your eyes of that, Curacao would be a costly distraction, in my opinion.

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