Prime Min­is­ter Kam­la Per­sad-Bisses­sar says Caribbean Air­lines (CAL) is in the red and the pre­vi­ous board had been ly­ing to the coun­try about its eco­nom­ic sit­u­a­tion.

She made the com­ment dur­ing yes­ter­day’s post-Cab­i­net me­dia brief­ing, where she an­nounced new boards had been ap­point­ed at CAL and the Wa­ter and Sew­er­age Au­thor­i­ty (WASA).

“They were in a lot of prob­lems. Caribbean Air­lines took a loan for $260 mil­lion, a loan that has been rolled over year af­ter year af­ter year. To­day, we had to agree to roll over this loan. Not a cent has been paid on this loan,” Per­sad-Bisses­sar said.