Air Jamaica And Government Spending
The Sunday Herald carried recently a very good investigative piece on Air Jamaica losing $JA33 Billion dollars over 10 years. It should be noted the last time Air Jamaica made a net profit was in 1974 of $US 250,000 under President Guillermo “Bigge” Machado(a Jamaican President). The Government has come out and said clearly they will continue to support Air Jamaica. In addition not mentioned in the article, IATA has stated that World Airlines for 2004 will loose $US5 Billion dollars.
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