Caribbean Airlines finalizes acquisition of Air Jamaica

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Just days before the deadline for a notice of closure of the largest aviation merger in the Caribbean, Caribbean Airlines has finalized its acquisition of Air Jamaica.

The deal was made official at the office of the prime minister in St. Clair, Port-of-Spain, Trinidad. The Government of Jamaica will now have a 16% stake in the Trinidadian airline and a member appointed to the Caribbean Airlines board of directors.

Jamaica’s Finance Minister Audley Shaw indicated that the outgoing chairman of Air Jamaica, Dennis Lalor, has been nominated by the Jamaican government as a candidate to be the Jamaican representative on the Caribbean Airlines board.

Chairman of Caribbean Airlines George M. Nicholas III remarked “we want to officially welcome the Air Jamaica family to Caribbean Airlines and I am confident that we can realize the growth opportunities that are now present with us being ‘one Caribbean airline.’ A truly Caribbean airline will now be of service to the Caribbean and its people.”