Smaller
Bigger
Close Gallery
SANTO DOMINGO.-The new carrier Air Dominicana will begin operations May 2, with its fleet’s first airplane ready; a 737-A, already identified with the Dominican flag’s colors, red, white and blue.
Newspaper Diario Libre reports that the Dominican State’s share in the new airline of US$10 million initial capital is 40 percent, and the Spanish capital is 32 percent.
The cost of the airplane is 60 million dollars and has a range of eight hours of flight.
The airline will begin flights from Punta Cana International Airport (east), considered the Caribbean region’s top tourism destination.
Share / Recommend this article:
Digg this
del.icio.us
Technorati
Yahoo
Digg this
del.icio.us
Technorati
Yahoo
Dominican State’s ............................................. 40 %
Spanish (either state or private bourgeois)....32%
Others (or whoever) .............................................28%
So, as long as things stay serene, Leonel will control the board and management. But if squabbling erupts, the Spanish, whoever they are, and the "others," whoever they are, may combine to takover the airline.
An eruption of severe squabbling among stakeholders seems unlikely unless the airline loses or makes a lot of money.
Given the financial fragility of the big imperialist airlines, air service to the DR's tourist spots is uncertain.
But this move, namely, starting a little airline, increases the fragility of the imperialist competitors and promises to nibble away on the market share of the majors.
The majors probably breakout in violent cussing when the topic of the little airline arises, as the majors consult with high-powered bankruptcy lawyers.