Air Jamaica lost millions after 9/11

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Air Jamaica lost millions after 9/11
Trinidad Guardian

Air Jamaica chairman Gordon "Butch" Stewart estimated on Wednesday that the
airline lost US$70 million in revenues because of last September's
terrorist attacks in the US, according to the Jamaica Observer. Air Jamaica
is having to spend millions on security arrangements to meet new US
standards in the aftermath of the attacks, including US$1.2 million to
install bullet-proof cockpit doors, as demanded by the US Federal Aviation
Administration (FAA). Stewart said the situation will force Air Jamaica to
go to financial markets to raise cash to help cover the shortfall but
officials could not immediately say how much the airline will have to
borrow, given internal efforts to pump up revenues and cut costs.



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