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Over for REDjet

Dawne Parris

Over for REDjet

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FINANCIALLY TROUBLED airline REDjet has officially gone under.
A day after dismissing the remaining 94 employees, the carrier announced it had shut its Barbados operations and was filing for bankruptcy, blocking any legal proceedings by passengers and others owed by the airline.
“Airone Ventures Limited, doing business as REDjet, hereby announces the suspension of all operations in Barbados. REDjet profoundly regrets this decision and its impact on its suppliers, staff and passengers,” said a statement from the airline.
The airline filed a “Notice of Intention to Make a Proposal” to creditors with the Supervisor of Insolvency, under the Bankruptcy And Insolvency Act, putting it under the control of trustee Grenville W. Phillips.
Read the full story in today’s SATURDAY SUN.