REDjet files for bankruptcy
Airone Ventures Limited, the company doing business as REDjet, has announced the suspension of all operations in Barbados.
“REDjet profoundly regrets this decision and its impact on its suppliers, staff and passengers,” chairman Robbie Burns said in a statement.
He said the company believed that if 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,” Burn stated.
With no consensus at a political or technical level to deliver on these commitments which are critical to the development of any airline, “there can be no future for REDjet in Barbados.”
Therefore, Burns said that 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. .
The company 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.