Discount airline REDjet halts all flights across Caribbean, blames lack of funds

Saturday, Mar 17, 2012 07:15 am | The Associated Press

SAN JUAN, Puerto Rico - The Caribbean's first discount airline has suspended all its services because of financial trouble.

REDjet said in a statement that it has cancelled all flights as of late Friday and will offer passengers refunds.

CEO Ian Burns says he hopes the company will receive government subsidies as do other airlines to help it restart service. He says REDjet would release more information on Monday.

REDjet had struggled to obtain permission from government regulators to operate in several Caribbean islands including Trinidad and Jamaica. The company also had sought permission to fly to the U.S.

The Barbados-based airline company began serving the Caribbean in May.

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