MORE than 500 disbursements have been made to passengers who were affected when Dynamic International Airways shut down its operations here late last year.
In a press statement on Monday, the Public Infrastructure Ministry disclosed that the process of issuing refunds is progressing smoothly and will conclude this Friday May 25, 2018.

According to Principal Assistant Secretary (General) Jason Duport, more than 500 disbursements have been made to date. Duport said that while there were few hiccups, the overall process was laudable.

“We were particularly pleased with the conduct of members of the public…Persons were respectful and followed procedure and we’d like to thank the members of the public for their patience,” he was quoted as saying.

Persons who are yet to uplift their refunds are urged to do so by Friday. Refunds are being issued Mondays to Thursdays from 09:00hrs to 15:00hrs and Fridays from 09:00hrs to 14:00hrs at the Ministry of Public Infrastructure’s Accounts Department, Fort Street, Kingston.

Passengers are required to have their Identification Cards (IDs) or Passports, in addition to proof of ticket purchase. In cases where an individual is appearing on another’s behalf, the Ministry said an authorisation letter, with two signed witnesses from passenger whose name appears on the list, is required, along with identification document of the person uplifting the refund.

The refunds are being issued months after the Ministry initiated the process to access a bond for the sum of US$200,000.

The US$200,000 or GUY$40M was lodged by Dynamic International Airways, LLC, in collaboration with their local handling agent, Roraima Airways Inc. Some 609 passengers are eligible for the refund. The refund for the 609 passengers is expected to amount to just over US$189,000.

In July, 2017, the carrier had announced that it had filed a voluntary Chapter 11 petition with the United States Bankruptcy Court. It was the carrier’s intention to continue its operations here but its principals restructured plans did not work out as planned. The airline noted that its decision to file for bankruptcy protection followed upon litigation matters, resulting from Hajj flights the airline operated in 2014 for Air India. Dynamic International Airways closed its operation here last October.