Redjet said they failed to garner support from the government of Barbados

This was announced in a release from the company on Thursday in which it said it failed to garner the support of that island’s government to continue operations.

“REDjet believed that it had secured the full aero-political support of the Government and authorities in Barbados and had it gained access to all markets as a designated national carrier this turn of events could have been avoided.

However regrettably this has not been the experience of the airline over the past two years,” the release read.

It added that with no consensus at a political or technical level to deliver on its commitments there can be no future for REDjet in Barbados.

“Therefore, despite the best efforts of the airline and its committed staff, the airline has been forced to make the regrettable decision to suspend all its operations.”

REDjet had suspended flights region-wide in March until further notice and at the time blamed the subsidised regional carriers for its financial woes.

The company said it has filed with the Supervisor of Insolvency a "Notice of Intention to Make a Proposal" to the company's creditors under the Bankruptcy & Insolvency Act.

Immediately upon filing all proceedings against the company are stayed. The stay will be in place for 30 days initially but the Court will entertain reasonable applications for extension of the stay to permit a proposal to creditors to be completed, REDjet said.

“The Trustee will at the appropriate time invite creditors of amounts of $250 and more, including Passengers who have purchased tickets with the airline but who have yet to apply for a refund, to prove their debts as required by the Act and also call a meeting of creditors for the purpose of considering and approving the company’s proposal.”