News
VI Gov’t successfully defends $10M lawsuit by BV Airways
ROAD TOWN, Tortola, VI- The Government of the Virgin Islands has successfully defeated a claim worth in excess of $10 million from BV Airways, which was contracted by the now ousted National Democratic Party (NDP) Government to connect Miami and Tortola with direct flights but failed to deliver on the project despite receiving some $7.2M of taxpayers monies.
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.
'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.
Fraud over BVI Airways led to internal fighting- Court documents
ROAD TOWN, Tortola, VI - President of Colchester Aviation LLC, Jerry D. Willoughby, says the liabilities for BVI Airways was misrepresented at the time of his acquisition of the company in 2014, causing him to expend substantial efforts remedying and despite promises of repayments to correct the situation, this was never done.