CaribWorldNews, KINGSTON, Jamaica, Weds. June 10, 2009: Jamaica`s House of Representatives on Tuesday approved a multi-million US dollar loan guarantee to national carrier, Air Jamaica.
The loan guarantees total just over US$101 million and was approved as working capital for the airline. The loan comes as the Bruce Golding administration readies the carrier for divestment.
A comprehensive restructuring of the ailing Air Jamaica is underway.