REDjet finances in spotlight after cancellations

The cancellation of several flights are being seen as signs that Barbados-based REDjet may be facing financing trouble, but the airline yesterday said that changes in its flight schedules are part of a planned expansion of its services.

The Caribbean Media Corporation (CMC), in a report yesterday, stated that that the airline has been forced to scale back operations by cancelling flights, several weeks after it sought a US$8M injection.

The CMC report stated that it