CAL loses US$52.8m
Posted: Saturday, May 5, 2012
CAL loses US$52.8m
Caribbean Airlines Ltd recorded a consolidated unaudited loss of US$52.8 million for the financial year ending December 31, 2011, Finance Minister Winston Dookeran said yesterday. Replying to Opposition questions in Parliament, Dookeran also said that for the last financial year, the Air Jamaica operations of CAL recorded an unaudited loss of US$38.1 million.
No US$5M For Life Fund
ON NOVEMBER 30, last year, amid much fanfare, then Caribbean Airlines (CAL) chairman George Nicholas III presented a replica cheque in the sum of US$5 million (TT$32,150,000) to Prime Minister Kamla Persad-Bissessar for deposit into the Children’s Life Fund.
CAL boss: Things not all that gloomy
Rowley: Public duped; PM, Dooks must apologise
Prime Minister Kamla Persad-Bissessar and Finance Minister Winston Dookeran must apologise for creating a national "scandal" and misleading the people of this country on the true financial position of Caribbean Airlines Ltd (CAL), says Opposition Leader Dr Keith Rowley.
Rowley backs PM: No need for referendum
Opposition Leader Dr Keith Rowley said yesterday the Opposition supports Prime Minister Kamla Persad-Bissessar in her position that there was no need for a referendum on pulling away from the Privy Council and moving to the Caribbean Court of Justice (CCJ) as the final court of appeal.
AG: Hangings for Caribbean Court
ATTORNEY General Anand Ramlogan yesterday clarified that the proposal to make the Caribbean Court of Justice (CCJ) the final criminal court will see hanging cases, brought under constitutional challenges, dealt with by the CCJ.
Law body calls in the cops - $284,696 missing
AFTER a three-hour long marathon emergency session, all members of the Council of the Law Association have tendered their resignations, having collectively accepted responsibility for more than $.25 million going missing from the body’s coffers under their watch.
Law body to probe missing $284,000
Two killings push murder toll to 131
The murder toll reached 131 yesterday after two men were killed in separate incidents in Trincity and Morvant. Up to last night, police were hunting for a 44-year-old suspect in connection with the death of Darrel Ross, 29, of Foster Road, Sangre Grande.
Worker killed in row over glasses
Father of 7 slain
Transport Minister: Forty new CNG stations coming
PowerGen gets another 15 years
PowerGen’s 1994 power purchase agreement with the Trinidad and Tobago Government will be renewed for another 15 years to provide additional electricity. Starting from June 30, the company will provide 742 megawatts to T&TEC, which will be reduced to 624 megawatts once the Trinidad Generation Unlimited (TGU) plant at La Brea is up and running.
20 robbed at business place
TWENTY people were held up and robbed by three gunmen who stormed the St Vincent Street, Port of Spain, branch of Island Finance on Thursday afternoon.
Cops chase man outside court
Runaway drill pipes crush bystander’s legs
Venezuelan chef gets a chance on work permit charge
Calypso contest named after champ Lord Brynner
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