The Turks and Caicos Islands Government would like to advise the commuting public that InterCaribbean Airways has won the bid for the subsidy to ensure that adequate airlift services are provided to the islands of South Caicos and Salt Cay.
For at least the past four (4) years, each year, during the appropriation process, the Ministry of Finance, Trade and Investment assesses the need for the service and includes a provisional amount in the budget accordingly. A tender process is conducted annually, following the House of Assembly’s approval of the Budget.
To date, the assessments have indicated a need for the subsidy; as passenger volumes (based on market perception and actual data recorded by the airlines and the TCI Airport Authority) are inadequate to attract a profitable business proposal from would-be service providers. Based on the analysis, unsubsidised airfares would be prohibitive for the average consumer or there will be no service at all.
The subsidy will ensure that essential air services are in place to guarantee that these small communities receive a minimal level of scheduled airlift.
The Turks and Caicos Islands Government would like to thank Caicos Express Airways for the stellar service provided over the years and welcomes InterCaribbean Airways as the new service provider of these routes.
ENDS
Government Press Office
Waterloo Road, Grand Turk
Turks & Caicos Islands
