1999News

A revival of Dominicana de Aviación?

A press release by the Presidency this week reads that the Fernández Administration is working to revive the moribund state-owned airline, Dominicana de Aviación (CDA), with an eye having it running flights again before year-end. Eduardo Selman, Executive Director of the Dominican Corporation of State Enterprises (CORDE), which holds CDA’s assets, said that his organization is working with the Commission for the Reform of Public Enterprise (CREP), the body charged with managing the privatization process, to get CDA operating flights again "before the year 2000." He said that "the possibility exists" that the airline would be operated with participation by international investors, and claimed that there are several American, European and Latin American firms interested in buying CDA shares. Some, he said, would even be willing to help provide aircraft [the few planes CDA has in its inventory are not in working order].