Davies
DR. OMAR Davies, minister of finance and planning, is projecting that the debt-ridden national airline, Air Jamaica, will become profitable after 2010.
Minister Davies was answering questions on the current state of the beleaguered airline from Opposition members in Parliament yesterday.
After initially responding to questions tabled by Mike Henry, opposition spokesman on transport, on November 30 last year, the finance minister faced two hours of follow-up questions from other Opposition
members.
Dr. Davies, responding to a blunt request from Opposition MP Karl Samuda, told the House that the government expects Air Jamaica to break even in five years.
In December, Air Jamaica was taken over by the government from the Gordon 'Butch' Stewart-led Air Jamaica Acquisition Group (AJAG) after it was earlier revealed in Parliament that the airline had accumulated losses of US$560 million.
