Bahamas Not Affected by Airline Closing (The Naples Daily News) Naples, Florida 12 October 1970 p 5
Buhamos Not Affected By Airline Closing NASSAU, Bahamas (AP) — Suspension of operations by Bahamas Airways will not affect air travel to and between the islands, says a Bahamas government spokesman. “We still have three inter island carriers — Out-island Airways, Mackey and Colony Airlines,” said Bahamas Transportation Minister Doris Johnson after the airline’s abrupt decision Friday. “Pan American, Northeast Northeast and Eastern Air Lines will take over the international international runs,” Dr. Johnson added. The development followed breakup of negotiations for Bahamas government support of the principal inter-island air carrier, which also plied between Nassau and Miami, Fort Lauderdale, West Palm Beach and Tampa. Bahamas Airways also had been planning to expand operations and advertised that direct flights between New York City and Nassau would begin Nov. 12. The Bahamas government, government, which announced the suspension of operations, said it had offered to take over 51 per cent of the airline, but said the company company imposed what it called non-negotiable conditions. “These non-negotiable points could expose the government to liabilities which could exceed $35 million,” a government statement said. Dr. Johnson said, also, Bahamas Bahamas wanted the government government to provide $600,000 at once and $1.5 million by the end of this year. “It would appear they had liabilities in excess of $30 million,” she said. The airline had been owned by BOAC until 1969, the government spokesman said, at which time it was sold to a group of companies headed by John Swire and Sons Ltd. in London, which also operates Cathay Pacific Airlines. Bahamas Airways employed employed about 600 persons. The island nation’s labor exchange immediately set up a unit to find jobs for employes thrown out of work.