KINGSTON – Guyana-based carrier, Fly Jamaica has filed for bankruptcy protection in a bid to seek protection from creditors.
This was revealed by Marlon Murdock – the agent for Fly Jamaica trustee Wilfred Baghaloo – in an interview with the Financial Gleaner.
According to Murdock, the filing for bankruptcy protection with the Office of Insolvency was done on October 29, and Fly Jamaica is preparing a proposal for creditors to vote on – this was preceded by a ‘Notice of Intention’ in the press.
“The process now is that since Fly Jamaica has filed a notice of intention, they had an initial 30 days to put together a proposal that they were going to present to creditors, who will then vote on it so that they can either accept or reject.”
He said the airline was given an extension, so the new date will be January 14, 2020.
Fly Jamaica Airways, based in Georgetown, started operating on February 14, 2013.
However, the carrier was grounded following an incident at the Cheddi Jagan International Airport on November 9, 2018 when the 757 Boeing aircraft, destined for Toronto, encountered difficulties and made an emergency landing with more than 100 passengers. (CMC)
