PHILIPSBURG, Sint Maarten —
Questions:
What is the present financial situation of the airport? Specifically as it relates to liquidity to pay personnel (payroll), service providers, contractors, loans and taxes and social premiums for the coming months?
What is the current status of payments to the bondholders? Is PJIA in default? If yes, to what degree and what are the consequences?
What is the current status of the insurance payout based on the court case? How much has PJIA received to date? How much is pending? What are the next steps to finalize this matter?
In an article in The Daily Herald on October 24, it is stated:
“The Bondholders concerned about instability. Geerlings said the bondholders are concerned about the motion of no confidence against five ministers which was passed by Parliament on September 26, and whether the incoming interim government will honor the agreements with the World Bank and the EIB or instead seek to reverse them. The motion of no confidence also instructed the caretaker Council of Ministers not to enter into any contracts with third parties, whether collectively or individually. The World Bank and the EIB are considered third parties.”
https://www.721news.com/top-story/impending-financial-crisis-at-pjia-is-of-national-importance/
