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Smith splurges, sent $10G a month to US as ‘BVI Airways’ debts mounted
ROAD TOWN, Tortola, VI – Luke Smith, former owner of BVI Airways, reportedly sent $10,000 to the United States of America (USA) for his family each month and splurged on an extravagant lifestyle while in the Virgin Islands (VI), even as his company was experiencing financial difficulties with mounting debt.
Smith sold BVI Airways for $650,000 & a promise of millions more
ROAD TOWN, Tortola, VI – Former BVI Airways owner, Luke Smith, essentially signed away his interests, including shares in the company, for a mere $650,000, after being promised stocks worth up to $5M.
BVI Airways: Death threats, embezzlement & the deliberate attempt to ‘crash’ the airline
ROAD TOWN, Tortola, VI - Commercial Pilot, Shaun D. Munro—formerly of BVI Airways—has disclosed even more sordid details of the internal operations of the company before it folded, including death threats, more illegalities and a deliberate attempt to run the company into the ground, in order to purchase it back at a reduced cost and free of debts.
'Unregistered Company' bought BVI Airways
ROAD TOWN, Tortola, VI - Court Documents continue to unravel the muddle of financial transactions that led to the demise of BVI Airways, including the fact that it was sold to an ‘unregistered company’ and that the owners had attempted to sneak the plane out of the Virgin Islands (VI) to avoid its seizure.
Govt pumps $7M in subsidies into BVI Airways
ROAD TOWN, Tortola, VI – Just as first and accurately reported by this news site, Government today January 12, 2016 announced direct flights to and from Miami, Florida, USA, through a joint venture between the Government of the VI and BVI Airways which will see some $7 million of taxpayer dollars pumped into it as part of a three-year agreement.
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