Caribbean Airlines partners with Nordic Aviation Capital for aircraft lease and route expansion

Caribbean Airlines has agreed to lease three ATR 72-600 aircraft from Nordic Aviation Capital (NAC), which will strengthen the company’s Caribbean network based in Trinidad and Tobago.

The company currently operates seven ATR 72-600s with a capacity of 68 passengers. The turboprop planes are based in Port of Spain (POS), Trinidad and Tobago, and Bridgetown (BGI), Barbados.

According to information obtained by Aviacionline through Cirium, Caribbean currently operates more than 1,100 monthly flights. With the turboprops, it operates from POS to BGI, Curacao, Dominica, Grenada, St. Vincent and the Grenadines, Saint Lucia, and Georgetown/Ogle in Guyana, as well as the Arthur Napoleon Raymond Robinson Airport (TAB) on the island of Tobago.

The ATRs of Caribbean are based in Barbados and Port of Spain. From its second base, Barbados, it operates to five destinations: Tobago, Port of Spain, Dominica, St. Vincent and the Grenadines, and Georgetown/Ogle in Guyana. It also flies between Grenada and St. Vincent and the Grenadines.

The agreement between Caribbean Airlines and NAC coincides with the increase of its operations in the region and new routes to be opened between April and May. The company also has nine Boeing 737-8s with a capacity of 160 passengers and expects to receive three other aircraft this year.

According to Cirium, in February 2023 the company has a frequency offer 21.5% lower than the same period in 2019. By mid-2023, Caribbean aims to recover 90% of its monthly operations.

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