CAL not in crisis, says chairman
May 16, 2013
PORT OF SPAIN, Trinidad - The Caribbean Airlines (CAL) board has directed that its acting chief executive Robert Corbie provide a report on why the company has to potentially write off $200 million in cargo revenue and credit card fraud.
Chairman Rabindra Moonan, in a telephone interview yesterday, observed that those losses are the responsibility of the company’s management.
He said that matter was top of the agenda at CAL’s marathon board meeting at the company’s head offices in Piarco yesterday.
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