Latest update November 26th, 2024 1:00 AM
US hotels file “involuntary bankruptcy” against Dynamic
Dynamic Airways
…local operator denies credibility of claim
Despite reports of financial turbulence, local handler for the US-based airline Dynamic Airways, Captain Gerald Gouveia, has denied that the company is facing “involuntary bankruptcy” as filed by three hotel companies.
This was Capt. Gouveia’s unequivocal position during a brief interview with Kaieteur News yesterday, after this newspaper received documents showing that the international airline carrier owes approximately US$130,872.56 to creditors.
The court document is addressed to Dynamic Airways LCC operations in New York, at the John F. Kennedy International Airport, Terminal One, as well as the company’s headquarters in North Carolina.
According to the court documents, which were filed on July 28 to the United States Bankruptcy Court Eastern District of New York, Dynamic Airways LCC was cited as the debtor whose nature of debts is “primarily business debts”.
The creditors cited in the documents were listed as three hoteliers under the company names; Five Towns Motor Inn Inc., Sunrise One LLC and Manhattan Guam Inc.
In the document, the three petitioning creditors were claiming for the “goods and services” owed by the debtor, Dynamic Airways. The aforementioned amount was the sum total owed to the collective creditors by the airline company.
Moreover, the debtor faces allegations that the company is generally not paying its debts as they become due, “unless such debts are the subject of a bona fide dispute as to liability or amount”.
The threat of bankruptcy comes as the airline recently celebrated one year of operations in Guyana, which began in July 2014.
Since launching its services to Guyana, the airline has met with difficulties with regards to grounded flights from its New York to Georgetown route. One such incident, which occurred last December, saw dozens of passengers being stranded at the JFK International Airport during the Christmas season.
However, the airline has still maintained a substantive customer base given its relatively affordable prices when compared to two other carriers on the NY route, Fly Jamaica and Caribbean Airlines.
Dynamic Airways’ operations add to the diversification of air carriers serving Guyanese, in a time when the country is looking to expand the Cheddi Jagan International Airport and attract more airlines, which would result in competitive prices for costumers.
When contacted to further address the claims of involuntary bankruptcy by the hotel companies, Capt. Gouveia firmly denied the claims as being credible.
“There is absolutely no credibility to that claim.” In fact the airline official shared that Dynamic Airways is doing very well in terms of business in Guyana. He related that just recently he was in a meeting, with discussion centred on the airline looking to expand its flights in and out of Guyana. Asked whether, passengers to or from New York’s JFK International Airport will be grounded as a result of such claims, the official said that there will be “no groundings”.
He noted that the airline is looking to expand its cargo operations, and just yesterday some 230 passengers departed Guyana to the US.
Capt. Gouveia added that “The airline has been approved by DOT to become a flag carrier”, and will be expanding its services to more frequent flights between the JFK to GEO routes. The official reaffirmed that the airline has received positive outlooks on its business operations since it began its services last year.
In a statement circulated to the press last evening, Capt. Gouveia called the reports of bankruptcy on the part of Dynamic Airways as being “misleading”. His statement read; “Dynamic Airways has not filed any Bankruptcy.” The statement reiterated that the airline is doing very well and is planning on beginning daily flights per week between JFK and GEO.
Similar Articles
THE BLUNT OF THE DAY
Sports
Features/Columnists
A call for more cultural centres
…Peeping Tom Kaieteur News- Burnham’s decision to divert the Indian Immigration Fund towards constructing the National... more
Rising Gun Crimes in the Caribbean: Urgent Action required by all
By Sir Ronald Sanders Kaieteur News – There is an alarming surge in gun-related violence, particularly among younger... more
Weekend Cartoon
