Published On: Thu, Dec 22nd, 2016

Parliament adopts motion for Government to financially assist InselAir

parliament1WILLEMSTAD – The Parliament of Curaçao has adopted a motion for the Government to financially assist the local airline InselAir.

The motion states that considering the importance of aerial connection for the community of Curaçao it is indisputable; an aerial connection between the islands of Curaçao, Aruba, Bonaire and also Saba, Statia, and Sint Maarten is extremely important for the mobility of the people, especially for the family, cultural, and commercial relations, InselAir must continue with its operations.

The aviation company recently approached the Government of Curaçao for an urgent temporal financial support. The airline has a substantial amount of dollars stuck in Venezuela which has brought it to serious cash flow problems.

InselAir is a private company that has a major social-economic impact for the island. The company employs about 600 employees directly and 900 indirectly. The company contributes 5 to 10% of the Gross Domestic Product. InselAir also brings a more tourist to the island than any other airline.

Based on the importance of this airline for the Curaçao economy, Parliament believes it to be important for the airline to survive this financial crisis. The Minister of Economic Development, Eugene Rhuggenaath appointed a group of financial experts to study the economic impact for the island if the airline goes bankrupts. This group of experts gave their findings to parliament during a recent parliamentary meeting. After this meeting, the MPs adopted their motion to assist the ailing airline.

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