• Email to friend
  • The Nassau Guardian Facebook Page
  • RSS Feed
  • Pinterest

Banner


sub_save_img

NAD: All domestic carriers sign leases to enter terminal

President responds after local airlines complained about lease terms
ALISON LOWE
Guardian Business Editor
alison@nasguard.com

Published: Oct 22, 2013

  • Share This:

    Share on Facebook Share on Twitter Email to friend Share

  • Rate this article:

Negotiations with domestic airlines have resulted in all local operators signing leases to move their operations into the new domestic terminal at the Lynden Pindling International Airport, according to the president and chief executive officer of the Nassau Airport Development Company.

Commenting days before the $83.5 million terminal is due to open, on October 23, Vernice Walkine said that the airport development company and the airlines, some of whom had complained that the terms being demanded by NAD would lead some to seek facilities offsite, have been able to find common ground.

“A lot has happened since [they complained in the media two weeks ago] and in fact we have since gotten all of our leases signed by these domestic carriers.

“From our perspective clearly, it would be quite an adjustment for some of these carriers to enter into new leases and the traditional way of operating was not going to be maintained. It was a bit of an adjustment so we determined we would renegotiate some of the terms.”

“Everyone is now focused on training on the new systems so we can go live on Wednesday without disruption.”

Recently, Anthony Hamilton, the Bahamas Association of Air Transport Operators’ president, said that the terms being demanded by NAD for entrance into the new facility, which was opened up for public viewing last Saturday, would force some of the domestic carriers to house their operations elsewhere off site.

NAD was understood to be demanding that carriers who were behind in rent and other fees owed come into good standing before they would be able to sign leases to enter the new terminal, among other requirements.

The company was also said to be seeking letters of credit from carriers who wanted to access the terminal.

Walkine declined to go into specifics over the renegotiation of terms yesterday, adding that “each of the terms negotiated varied according to the carrier” and their needs.

She did confirm, however, that the demand for a letter of credit was eased, with companies being told they could also provide a cash security deposit as an alternative.


This content has been locked. You can no longer post any comment.

 
Banner

Caribe 2016 Cleveland

  • http://www.ansbacher.bs
  • http://www.walkinclinicbahamas.com
  • http://www.cfal.com
  • http://www.colinageneral.com
  • http://www.Colina.com
Banner