The Trinidad & Tobago based and state-owned Caribbean Airlines recorded losses estimated at US$70 million last year, the twin island-nation's Finance Minister Larry Howai has revealed.
He told the Senate on Tuesday that the figure does not include the US$40 million in fuel subsidy to the airline even though he insists that the airline remains solvent.
“Government has made certain provisions for the airline to restructure its balance sheet. One of the things they have done is to use
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