Spirit linked to Air Jamaica purchase - bizjournals Business Travel Guide

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The Jamaica Gleaner newspaper on July 4 reported that Jamaicaz is trying to privatizeAir Jamaica, the nationao carrier, with the sale. In an Spirit spokeswoman Misty Pinson declined to comment on what shetermed “market rumors.” Air Jamaica did not returjn a call for comment. A conflicting articlse in The Jamaica Observerf on July 5 reported that the deal had not yet been If the dealis real, it could be good for said Stuart Klaskin, an analyst with Corall Gables-based . Miramar-based Spirit has a strong presence in the Caribbea n and a takeover ofAir Jamaica– the country’se largest carrier– would augment Spirit’s market presence, he said.
“It certainly would make some sense if the opportunity presented Klaskin added. “Something could be said about a strategt for a regionalconsolidation play.” Air Jamaica has reportedlyh struggled in recent years and Spirit may be able wring values out of Air Jamaica with its low-cost discipline, he noted. Spirit flies to 39 destinationws inthe U.S., Latin America and the The carrier currently has thre e flights a day that go from the U.S. to Pinson said. She could not immediately provide the number of flighte during peaktravel season.