Published On: Wed, Nov 16th, 2016

Rhuggenaath: “The Government does not want to participate in an airline”

rhuggenaathWILLEMSTAD – The Minister of Economic Development Eugene Rhuggenaath explains that the decision of the government to financially help the ailing local aviation company InselAir has not been taken yet.

“If we decide to help the airline, it must be very clear under what circumstances we will do this and what the risks are. Because up until now the position of the government is that it does support the establishment of airlines on the island but it does not participate in these companies,” said Rhuggenaath.

The Minister indicates that currently, all the scenarios are on the table. He also says that it is impossible for the government to help and at the end, it owns the company. Rhuggenaath makes reference to the defunct national airline ALM. “We cannot give money to keep the airline alive and then continue to invest public money in the company.”

InselAir is going through some tough financial times. According to the company they have about 100 million dollars stuck in neighbouring country Venezuela.

InselAirRhuggenaath says that he has an open mind to discuss this situation with the airline but it is still not clear for him under what conditions the airline is asking for financial assistance. That is the reason why the government has installed a committee to research the situation at InselAir and present a report that indicates how to continue.

The committee will report no later than December 3 on how to save the airline. The committee will present its findings to a special ministerial council consisting of the Minister of Economic Development, the Minister of Finance and the Minister of Traffic, Transportation and Spatial Planning.

Click Tag(s) for Related Articles: