Reprinted from Caribbean Net News
caribbeannetnews.com
GEORGETOWN, Guyana: Good news for scores of Universal Airline passengers left stranded after the airline’s only aircraft was pulled more than a week ago. The Guyana Government is considering utilising funds from a $17 million escrow account, deposited by the airline in the initial stages of its operations, to bring relief to stranded passengers.
Irate passengers in Canada, Guyana, Trinidad and Tobago, and New York who are unable to return to their homes and lives, were demanding some form of government intervention.
Government is conducting an assessment into the operations of the carrier that will conclude Friday.
Government hinted a possible intervention in the event of non-resolution of the airlines’ problem at the completion of its assessment.
Officials said Wednesday that the escrow account is similar to a mandatory arrangement that is made with chartered air services. Although Universal Airlines is not a chartered service, the Government in its wisdom insisted that the airline make this deposit, officials said.
Government officials said that from all indications, Universal Airlines has been operating within the confines of rules and regulations, which governs the industry, and as such, Government’s intervention regarding its future operations would not necessarily be appropriate.
The airline commenced operations several years ago following the closure of Guyana Airways 2000 (GA 2000).
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