Baha Mar, the largest single-phase resort development in the Western Hemisphere, has become a powerful driver of the Bahamian economy, and accounted for an estimated 5 percent of the Commonwealth’s annual Gross Domestic Product (GDP) in 2011 and 2012.

Caribbean Community (CARICOM) leaders are being urged to support a loan application by the regional airline, LIAT, for funds to undertake a re-fleeting exercise so as to sustain its operations and improve services. The statement gave no details regarding the costs of the re-fleeting exercise, but LIAT said it was seeking to acquire French-made 48- and 63-seat aircraft.

For many observers and commentators, Iberia’s merger with British Airways hinted at a skeleton in the closet since the process got cracking and bad vibes on cash-strapped Iberia began coming in. For quite a number of experts, the merger looked like an opportunity for British Airways to devour Iberia.

International Airlines Group is launching a senior unsecured convertible bond offer of up to an approximate maximum amount of €400 million to fund its acquisition of Vueling, enhance liquidity and lower its cost of capital.