Published On: Wed, Aug 30th, 2017

InselAir to become profitable again next year

Insel-Air-MD80-FOTO-Insel-AirWILLEMSTAD - The local airline InselAir can be profitable again by 2018. The current Management takes into account a net profit of 2.8 million dollars, followed by 5 million in 2019. This is evidenced by the presentation of the management to creditors on Monday.

InselAir has until August 2018 to put its affairs back in order. The court granted a moratorium which allows the company to carry out its business plan. The plan is to continue with InselAir as an independent airline without a strategic partner. The fleet will consist of five aircraft: three Fokker 50, one will be used as back up, and two MD80s, one as back up.

The first MD80 is expected to be re-deployed soon after a successful engine test was performed. However, test flights are necessary first. The second MD80 has to undergo an expensive and extensive C-check. To do this, the company must make available about half a million dollars.

2017 was a disaster year for InselAir because of major financial losses. The company had to slim down to become profitable again. Part of the fleet, MD-80s, have been grounded by the Curaçao Civil Aviation Authority (CCAA) since January of this year. According to the company, maintenance was required. InselAir was only able to operate with Fokker 50's. The company also had to stop operating to most of its destinations and only focus on the ABC-Islands and St. Maarten.

InselAir expects as soon as the entire fleet is operational, to be able to operate at full strength and to serve more destinations. The additional passengers being transported must help the company to grow again next year.

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