Published On: Thu, Aug 17th, 2017

Future InselAir depends on availability of its fleet

Insel-Air-MD80-FOTO-Insel-AirWILLEMSTAD - It is still unclear whether InselAir can repay the emergency credit of the Government of Curaçao. A special committee looking at the prospects of the embattled airline cannot explain the lack of clarity about the fleet.

At present, only two Fokker 50's fly on routes to Aruba, Bonaire and Sint Maarten. The rest of the fleet, including the Fokker 70's and the McDonnell Douglas MD-80s, are on the ground.

InselAir has to repay the bridging loan of 33.1 million Antillean guilders, about 15.7 million euros, in a period of five years plus three percent interest.

At the moment, according to the committee, it is almost impossible to say how the financial situation of the local airline looks like. If the Fokker 70s or MD-80s can be used again, opportunities for more sales and healthy cash flow will be significantly improved. This is why the government still has to wait for the committee’s advice, a week before the important meeting of creditors.

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