Published On: Thu, Dec 6th, 2018

InterCaribbean has two weeks to present bank guarantee letter

InterCaribbean-AirwaysWILLEMSTAD - The airline from Turks and Caicos, interCaribbean Airways has less than two weeks to present a bank guarantee letter of 11 million guilders. The court will decide the future of the local airline InselAir on December 18.

The airline is going through some uncertain period at the moment. According to sources close to the airline, the founder of InselAir, Edward Heerenveen is also abandoning ship. The airline is financially unhealthy and is in desperate need of a takeover.

If interCaribbean cannot produce the bank guarantee before December 18, the court could declare InselAir bankrupt.

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