Tuesday, June 12, 2012

Final blow - REDjet assets to be sold

(Barbados Nation) - The last airplane belonging to REDjet left Barbados yesterday afternoon, hours after the court gave the company the all-clear to fly its aircraft to the United States where they will be sold to help repay creditors.

The insolvent airline got the green light from High Court judge Randall Worrell who overturned the injunction granted over the weekend to Grantley Adams International Airport (GAIA) Inc., which is owed hundreds of thousands of dollars.

He upheld the

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