Finance Minister Davendranath Tancoo has said the new board of directors appointed to Caribbean Airlines will fix the “criminal negligence” of the national airline.

He said under the previous administration, CAL spent over $60 million on audits but did not submit any audited financial statements for almost ten years.

Speaking during the 2025/2026 budget presentation in Parliament on October 13, Tancoo said international firms Ernst & Young and PriceWaterhouseCoopers (PwC) conducted CAL’s audits but no statements were filed.