Fly Jamaica Airways (Kingston Norman Manley) is considering going public as a means of raising additional capital for fleet expansion.
According to Loop News, Captain Paul Reece, who is the airline's chief executive, told the Jamaica Stock Exchange (JSE) Regional Investments and Capital Markets Conference last week that the carrier was looking to acquire four more aircraft needed to open up longhaul routes. Among the target markets currently under consideration are South America and Africa he said.
Fly Jamaica currently operates one B757-200 and one B767-300(ER) (currently out of service) on scheduled flights to New York JFK and Toronto Pearson from Kingston Norman Manley and Georgetown Cheddi Jagan. As recently reported, it is also looking to launch charter flights from Georgetown Cheddi Jagan, Guyana to Cuba and New York JFK in February through its Air Guyana (WOL, Georgetown Cheddi Jagan) brand.
