No plans to close down Caribbean Star
Monday, July 12, 2004
COOLIDGE, Antigua: Chairman of the Stanford
group of companies, R. Allen Stanford, has announced that there are no current
plans for closure of Caribbean Star Airlines. This comment was made in
response to recent public speculation.
Mr. Stanford’ intention is to assume a more
active role in directing the company's continued growth. Mr. Stanford added
that he would be reviewing the operation in its entirety. He further indicated
that initial meetings have recently been held with the pilots in order to
discuss and address their specific issues and concerns, and stressed that this
was the first step towards broader employee participation in the ongoing
strategic management of the airline.
The Chairman is focused upon plans for
further development of the airline's products, world-class quality services
and employee satisfaction, in fulfillment of his vision for Caribbean Star and
its sister airline Caribbean Sun to become the world's best airline.
Privately held Caribbean Star Airlines Limited, based in Antigua, was
incorporated in January 2000. With approximately 100 daily flights, the
airline now serves 13 Caribbean destinations and is actively involved in most
of the region's major festivals and events. To date, Caribbean Star has flown
more than 1.5 million passengers.
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