Video Top 10 Program Schedules News Events What's on MM
Top 10 Videos
Music Video Archives
Caribbean Kitchen
Caribbean News
Law & You
Program Archives
The Store
Muzik Board
Social Networking
Press Releases
Members Videos
Become A Member
VIP Tour
Subscriber Videos
Subscribe Now
Forgot Password
Applying for A Student visa
Admiral Bailey, Yellowman, Allison Hinds, Coco Tea, & many more live
Mavado Live in LA courtesy of Hype TV
  About Us
  Contact Us
  Advertise with Us
  Related Links
CAL's fuel subsidy no more

Wednesday, September 11, 2013

Authorities in Trinidad and Tobago say they have been assured by Caribbean Airlines Ltd (CAL) that ticket prices will not be affected by the government's decision to remove its multi-million dollar fuel subsidy to the Airline. Finance Minister Larry Howai told the Parliament on Tuesday that the decision will be effective as of October 1. However, the subvention for the Tobago air bridge remains enforced.
According to Howai, it is imperative for the debt-ridden State airline to adopt a financially-sound business model in targeting segments of the global tourism market. The new CAL board has completed the first phase of a revised business plan for the airline to achieve financial viability. The subsidy for the Tobago airlift will remain. "These factors have been incorporated into the business plan which I expect to receive on September 17, 2013", Howai said.
The fuel subsidy for CAL is estimated to be TT$300 million.

News Comments
Submit Your Comments
Total: 0 Pages:
Total: 0 Pages:

The opinions expressed on the guest book and comments sections of this site reflects those of the author and does not reflect the opinions of the Editor or Administrator of the Muzikmedia Website. We reserve the right to edit your comments due to lack of space, political and racial attacks, vulgar and obsene remarks. We ask you include your name, email address and other information as requested

© 2004 Muzik Media - Memory Makers. All Rights Reserved.
Graphical Designs, Database & Programming by Gateserver
Hosting and Services offered by Gateserver.NET network