… may enter new arrangement with interested party
DYNAMIC International Airways has officially discontinued its service between Guyana and New York, the entity’s Chief Executive Officer, Tim Lawlor said in a statement on Monday.
Lawlor in the statement said that effective October 3, the Airways discontinued its regular service between Guyana and New York and noted that the move became necessary as the entity continued to reorganize in its Chapter 11 case.
“We regret this development and take this opportunity to thank all our customers for their support over the last four years that we have served the Guyana market.”
In July the carrier announced that it had filed a voluntary Chapter 11 petition with the United States Bankruptcy Court. It stated that it intended to continue its operations here as its principals restructured plans. 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.
“It also follows the entry of a judgment in the United States District Court for the Middle District of North Carolina, affirming an arbitration award against Dynamic Int’l issued by the Canadian Arbitration Association in April 2017, which determined that Dynamic Int’l was in breach of contract by failing to pay commissions to BKP Enterprises in connection with the Hajj flights. While the debtor has filed a notice of appeal and intends to challenge the judgment and award, Dynamic Int’l said it had no immediate recourse to stay the judgment and had determined the commencement of the Chapter 11 case was necessary,” the statement said.
However, on Monday the CEO apologised for the inconvenience caused to customers who had loyally supported the airline over the years.
The CEO pleaded with passengers to be understanding, while noting that all passengers who were scheduled to use the service after October 3 would be “issued a refund on the un-used portion of their tickets.”
“Dynamic intends to honor all its financial commitments to passengers, the Cheddi Jagan International Airport (CJIA) and the Guyana Civil Aviation Authority (GCAA),” Lawlor stated, while noting that Dynamic Airways will soon enter into discussions with an interested party about serving the Guyana – New York market under a new arrangement which he says is permitted while the entity reorganises.
“The new arrangement, known as an ACMI agreement, would allow Dynamic to serve the Guyana/New York market,” said the CEO.
Approximately two weeks ago, travel agents indicated that they were unable to book flights with the troubled airline. Captain Gerry Gouveia, CEO of Roraima Airways, the local handler for Dynamic, suggested in a social media post in September that the end was near for the international carrier.
“The final days for the final flights are being counted down, even as the planes continue to operate with 90% loads,” Gouveia had written on FB.
Dynamic’s exit from the local market leaves only Caribbean Airlines and Fly Jamaica Airways to operate flights along the lucrative Guyana- New York route. Dynamic Airways entered the market in 2014.
