22 Sep 2011

Air Marshall Islands opens to privatisation

3:24 pm on 22 September 2011

The board of the Marshall Islands debt-ridden national airline has endorsed a plan to offer a 51 percent share of the company to the private sector.

The board of directors of Air Marshall Islands, is preparing management options for a private sector-government partnership before presenting a plan to be reviewed and approved by Cabinet.

A review has revealed the government-operated airline lost 19 million US dollars over an 11-year period up to 2009.

The Acting General Manager of Air Marshall Islands Bill Capelle says he hopes a private company can make the airline healthy and generate revenue.

"I think privatising the airline will generate more revenue because it will based on the decision that is made by the new board or from new people that will join with the airline. I mean it will change the system of the airline."

Bill Capelle says so far one businessman from Canada has shown interest in purchasing the 51 percent stake.