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Caribbean Airlines Ltd’s (CAL) board is staying silent on a proposed fuel surcharge and broader bailout plans, even as former finance official Brian Manning warns the situation could worsen and have serious economic fallout.
Board member Prof Selwyn Cudjoe said he has no comment when contacted yesterday, as questions mount over proposals now before the Ministry of Finance, including a fuel surcharge on tickets, higher fares and the possible removal of the Tobago airbridge subsidy.
Manning, a former minister in the Ministry of Finance and Opposition MP, said the financial strain facing the airline was not unexpected, pointing to global pressures on the aviation industry.
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