BVI Airways & Gov’t @ war! Is it a shake down?
Dr Smith bailed out the bankrupt BVI Airways with tax payers funds of some $7.2M and even violated the agreement after the money was to be paid out over three years but the full amount was advanced within six months.
It was last month that Miami International Airport announced that flights will commence on July 22, 2017 with BVI Airways between Beef Island and Miami, Florida. However, BVI Airways said 'not so fast' and accused the Miami Airport of jumping the gun.
We not ready to fly- BVI Airways
In fact BVI Airways said its date of take off between Miami and Terrance B. Lettsome International Airport will be announced by them and that there are still outstanding matters between the Virgin Islands Government and the Airline.
It did not disclose what the outstanding matters are; however, a senior National Democratic Party source told our newsroom, "they came and needed more funds and the answer was no, so I can't tell if that is the issue."
It is unclear how much more funds they were allegedly requesting and why it was reportedly rejected.
Fly now! You got the cash- Dr Smith
However, Premier Smith in a statement late last night, July 4, 2017, called on BVI Airways to start the Miami-Beef Island flights without any further delay as his regime “has fully discharged its responsibility to BVI Airways by providing $7 million as a subsidy in keeping with the terms of the agreement."
Our newsroom is investigation the details of the standoff, because it must be noted that how the agreement is structured, if BVI Airways never flies the tax payers will not get back a dime of its $7.2 M (USD) pumped into the privately own business.
BVI Airways pulled out of the Territory in 2014 claiming they were bankrupt, owing the BVI Airports Authority close to $100,000.
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43 Responses to “BVI Airways & Gov’t @ war! Is it a shake down?”
@ wize up, well in this case I believe he has put his foot up his own @&& and maybe sh*tting on himself all now. On another note the word is, "HAUL" and not, "HALLED".
86x$550(estimate ticket price)=$47300 x2(Sat&sun flights)= $94600. x4(weeks in the month)=$3,78400. x12(1 year)=$45,40800.
45,00000- landing and other fees to operate the airline will still make us happy at the end of the day.
How much to rent a yacht from moorings $9000.plus for 7nights. How much money coming in from Fees?
Hotels will see more overnight guests.
More passengers will fly into Miami, using Virgin and British Airways than flights to Antigua.
You are very close my friend with the exception of the load factor.
I would see it around 50-55% as the low season would be very low indeed.
I have had many flights coming in to the BVI where there was only one passenger on board!
Other than that your math is spot on!
Well done Sir or Madam.
Who should BVI residents believe? Residents need the facts on the hold up. Is a shake down for additional capital/cash/moola in the offing? Has the agreement gone off the rails? Did BVI Airways go public to embarrass government, given that it got us over the proverbial barrel? Did taxpayers get robbed in plain daylight with their eyes wide open? Will taxpayers ever get value for money? Could a local have gotten such a sweet deal? One is born everyday----sucker. Are taxpayers getting screwed without lubri.....t? Was the giveaway a unanimous decision by the NDP caucus? When will the Premier face the nation? Ting te tark!
I knew from the word GO that something was not right here.
I was willing to bet dollars to donuts that this was all a scam and it looks like I was right on the money.
If you follow the trail of aircraft registrations, lease and sub lease agreements and the routes the aircraft are flying now I have a good idea of what was going on but if I say what I think I will probably get served with a lawsuit!
We, the taxpayer may as well wave goodbye to that money as this airline will NEVER fly as promised.
Like someone said, never trust the w..... man.....They come with a smile and leave with your money and land... It's starting to seem like maybe we should have invested in VI Airlink for real.