CARIBBEAN START-UP carrier Carib Express has received a ECU4 million ($4.8 million) loan from the European Development Bank and plans to begin operations in February. It is negotiating with British Aerospace Asset Management Organisation for three BAe 146s.
Meanwhile, the Governments of St Kitts Nevis and Monserrat, have expressed interest in joining the five Caribbean governments backing the regional carrier.
Carib is 70.1%-owned by local financial group Trident; 19.9% by British Airways; and 10% by the Governments of Barbados, Dominica, Grenada, St Lucia and St Vincent, and the Grenadines.
Source: Flight International
