The finalisation of the Caribbean Airlines-Air Jamaica deal has again been delayed.
The deadline for the sale to be finalised, and transfer of assets to be completed, should have been tomorrow.
However, at a post-budget press conference today, Finance Minister Audley Shaw said a two week extension had been agreed on to allow both parties to resolve some issues.
Shaw would not elaborate on the issues which caused the delay in the signing, and was unable to give an exact date for when it will take place.
The deal had been subjected to a one-year transition period to allow Caribbean Airlines to secure the necessary licences and to properly integrate the operations.
