1999News

Privatization of Dominicana airlines imminent

The Listín Diario reported that President Leonel Fernández is very interested in the privatization of Dominicana Airlines, the state airline. The newspaper reports that the President met with members of the state commission for privatization (CREP), the corporation of state enterprises (CORDE) and the former president of the Civil Aeronautics Board to discuss measures needed to advance on this privatization. The newspaper reports that the government has agreed to absorb large debts in order to move ahead with the privatization. At present, Dominicana Airlines derives revenues by leasing its frequencies to other airlines. The tender is expected to take place in October of this year.