January 22, 2021

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State aid to the Caribbean airline Winair

State aid to the Caribbean airline Winair

The cabinet awards 2.7 million euros to Winair, based in Sint Maarten. This is what Minister Cora van Nieuwenhuizen for Infrastructure and Water Management wrote to the House of Commons. The airline, which is the only airline with connections to all six Caribbean parts of the kingdom, has run into financial difficulties. There is no income as long as the costs largely exist.

The connection between Saba and St. Eustatius with St. Maarten and Bonaire is therefore in immediate danger, writes the minister. This means that necessary trips such as patient transport are at risk. The airline is also needed for the transportation of goods, mail and future vaccine distribution.

Winair pays 4.41 percent annual interest on the loan for 18 months. During this time, Winair may not pay any bonuses to any directors or supervisors and may not distribute any profit or dividends to its shareholders. Winair airport building is a security.