Air Jamaica Express Finally Closed on October 14

godking
20 October 2005 6:00am

Air Jamaica Express, controlled by Gordon “Butch” Stewart´s ATL Group, closed down the airline on October 14, saying that it will wind up the company immediately after its closing. The company had initially announced the suspension of service a month ago.

At a press conference held last week at the ATL Group headquarters in Kingston, Mr. Stewart said the airline was being closed, primarily because of market conditions, such as rising fuel prices. “We had a government agreement for exclusive flights between Kingston and Montego Bay, which has been breached for quite some time... it has taken the viability out of it,” he added.

Mr. Stewart says that the winding up would begin immediately after closing, which will require the termination of leasing agreements for the aircraft, among other things.

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