Case in point: RedJet
If Caribbean people can’t travel, they can’t do business, can’t have holidays, can’t spend money – can’t spread wealth. Aviation, or the lack thereof, is holding the Caribbean back.
And what is the result of governments owning airlines? They protect their own. Therefore, we have almost zero competition on intra-Caribbean air routes; between LIAT and CAL/AJ, they’ve got it all sewn up: you go here; me there. And never the twain shall compete.
Case in point: RedJet. What a fiasco – or travesty, more like it. Here was a bold new entrant to the Caribbean aviation scene, the region’s first genuine low-cost carrier. A project developed by a bona fide Caribbean investor; putting (lots of) his own money where his mouth was. How long did RedJet last – six months? And why did it meet such a sad and untimely demise? Of course, no real reasons are given by the perpetrators; one can only surmise…
… from an excellent article by S. Brian Samuel: Crashlanding in Toxic Taxation