Air Jamaica

Air Jamaica to be bought by Spirit Airlines

Image via radiojamaica.com

The owners of discount-carrier Spirit Airlines will purchase Air Jamaica, renaming the money-losing government-owned carrier Spirit of Jamaica, according to the Jamaica Gleaner.

Indigo Partners and Oaktree Capital have reportedly bought the airline for an undisclosed sum, according to unnamed sources, the newspaper said. Sources close to the negotiations would only confirm that Trinidadian-owned Caribbean Airlines did not win the bid for Air Jamaica. The Jamaican government wants to privatize the airline.

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