Seized BWIA plane still in Miami

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Seized BWIA plane still in Miami
By Nirad Tewarie
Trinidad Express 05.22.03

The Boeing 737 aircraft which was seized by BWIA creditor, International
Leasing Finance Co (ILFC) in Miami on Tuesday, has not yet been released.
BWIA spokesman Clint Williams, who had said on Tuesday that the situation
would be "under control in a day or two", would only say yesterday that the
airline was "negotiating for the return of the aircraft".
The Government has signed a $5 million letter of comfort for the airline in
an effort to have the plane released. The money is part of a $116.8 million
bailout package approved by Cabinet last month. As a result of the seizure
of the plane, 103 passengers were stranded in Miami and returned to
Trinidad only last night. BWIA had to put the passengers up at a Miami
hotel and cover some of their meals. While no specific figure was available
for the cost of such a move, BWIA officials say they expected the bill to
run into tens of thousands of dollars. BWIA officials have stressed that
the incident is "isolated" and that all other flights will be running on
schedule. After losing $182 million in 2002, the airline received close to
US$13 million from the Government at the end of last year before asking the
Government for another bailout of $116.8 million this year.  Several
members of staff have also been laid off by the airline

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