Korpodeko’s shares in InselAir converted into loan

WILLEMSTAD — Korpodeko is a shareholder of InselAir (20 percent) but this is a temporary construction. The shares will soon be converted into a ‘subordinated loan’. InselAir-director Albert Kluyver stated this after an anonymous source sent a document, which named the exact shareholders of InselAir, to the press.

The document mentions that development bank Korpodeko is the largest shareholder with 20 percent. “This is old news, as the document dates from 2009”, said Kluyver.A discussion between airline companies InselAir and DAE on Korpodeko’s role with financing the airline companies has been going on for some time. Last week InselAir reported on a letter to the government stating it was unfair that Korpodeko made 12.7 million guilders available to DAE, ‘although I never understood the development purposes set for such amount”, said Kluyver.
The amount that InselAir received from Korpodeko, 2.3 million guilders, ‘was to develop something, and we had to give full account on all details’. It regarded developing routes to five new destinations at the time, including St. Domingo, Haiti and Surinam. In that same letter InselAir wrote last week that Korpodeko is supposedly now 100 percent owner of DAE. For years DAE actually thinks InselAir is given extreme preference by the government.

NAGICO respects arbitrators’ decision

PHILIPSBURG--NAGICO Insurances Chairman Imran McSood said on Thursday that the company accepts the decision of the arbitrators in the case involving Princess Juliana International Airport (PJIA).

Dutch Princess Christina, sister of Beatrix, dies at age 72

THE HAGUE--Princess Christina, youngest sister of former Dutch queen Beatrix, has died of cancer at the age of 72. The announcement was made on Friday morning by the Government Information Service RVD.

Negotiations on Oyster Pond border to commence late 2019

THE HAGUE--The actual negotiations regarding the St. Maarten/St. Martin border, including the Oyster Pond area, are expected to start at the end of 2019, confirmed Dutch Kingdom Minister of Foreign Affairs Stef Blok on Thursday.