(WILLEMSTAD) –The Court of Justice in Curaçao denied a request for the bankruptcy via a provisional moratorium to InselAir International B.V.. The Dutch Caribbean carrier was granted the same stay of payment as earlier in Aruba on March 7th.
The ruling is based on the airline’s expectation that it remains viable once certain measures can be taken.
InselAir management had its request for suspension (deferment) of payment justified by the argument that the company has long been in poor financial condition, but that it expects the company to become viable if the necessary measures can be taken in the calmness of a moratorium.
Creditors Goddard Catering Group Curaçao and Jet Power Aruba Aircraft & Transit Company had filed the petition. InselAir now has until June 9 to put its finances in order.
The Aruban order is until June 7. The 93 employees there are yet to receive their February salary.
The MD(McDonnell Douglas)- aircraft grounded by order of Aruba’s Civil Aviation Authorities have still not been released. Only two Fokker aircraft are currently in use, but one MD-80 and another Fokker of InselAir Aruba will be transferred to InselAir Curaçao so they can be returned to flight.