Tiara Air flies to pay debt
WILLEMSTAD, ORANJESTAD - Tiara Air flies to Curaçao in order to pay its former employees. This is according to the airline’s director Alejandro Muyale. The airline landed yesterday for the first time in a year on Curaçao again.
Tiara Air came in 2013 in financial trouble because of the issue with the Venezuelan foreign exchange regulator CADIVI. The airline did not receive its money from tickets sold in the South American neighboring country.
The company received deferred payment. But only if it pays the overdue salaries to its former employees no later than 30 April.
Now the money from Venezuela has still not come free, Tiara Air have to pay the debt out of its own pocket. And that is happening with the revenue from the recovered flight connecting to Curaçao.
Many have indicated that this is a welcoming news about the Tiara Air’s operation between the two island, because it will give some much needed competition, especially against InselAir.
It is a public secret that InselAir is having serious problems with its schedule, which is causing serious delays.