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Court lets interCaribbean escape from Insel Air penalty
WILLESTAD – InterCaribbean Airways Ltd. does not have to pay a penalty of $500,000 to bankrupt airline Insel Air, the Common Court of Justice ruled on Thursday. The Court in First Instance imposed this penalty More...
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Court ruling brings Insel Air closer to bankruptcy
PHILIPSBURG – InterCaribbean has to provide a $500,000 bank guarantee for Insel Air, the Court in first Instance ruled on Thursday. But Insel cannot touch that money until the court has ruled in a regular More...
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Insel Air on the verge of bankruptcy
PHILIPSBURG – Troubled airline Insel Air came one step closer to bankruptcy this week after the Court in First Instance withheld its approval of the so-called homologation agreement with its creditors. Intercaribbean, More...