BWIA submits revised plan to Govt

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BWIA submits revised plan to Govt
By Curtis Rampersad Express 04.09.03

National carrier BWIA yesterday submitted its revamped cost-cutting plan to=
=20
the Government in the hope of getting much-needed financial aid. The plan=20
includes possible pay cuts of between five per cent and 15 per cent and a=20
possible reduction in flights. Another aspect of the plan might involve=20
looking at reducing the number of pilots and flight attendants if BWIA=20
returned leased aircraft, a source said. Minister in the Ministry of=20
Finance, Kenneth Valley, confirmed that the Government received the plan=20
and said a team, led by him, has started analysing it. The team will review=
=20
BWIA=92s plan to save money and make a submission to Cabinet tomorrow,=
 Valley=20
told the Express yesterday. He said the Government never said it would not=
=20
help cash-strapped BWIA. The airline lost $182.1 million last year and has=
=20
been losing hundreds of thousands of dollars a week within recent=20
times.  Chief executive officer Conrad Aleong was reported as saying that=20
the airline required an immediate cash injection or might not make it=20
beyond April 15. Valley said help for BWIA was based on two conditions=97the=
=20
first being that the airline=92s management submit a viable plan to keep=
 BWIA=20
operating. BWIA=92s other major stakeholders should also look at helping the=
=20
airline or the government should be given equity for its assistance. =93Thos=
e=20
conditions remain,=94 Valley said.

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