Airline company JetAir Caribbean had suspended all flights from Curacao to Kingston, Jamaica.
On Tuesday the Court of First Instance of Curacao declared JetAir bankrupt.
JetAir was the sole airline based in Aruba, Curaçao, and Bonaire with jet aircraft, operating scheduled flights connecting Curaçao with Aruba, Bonaire, Jamaica, the Dominican Republic, Haiti, St. Maarten, Suriname, and Colombia.
The airline received its operating permit in November 2019, just before the onset of the COVID-19 pandemic.
After the pandemic, JetAir aggressively resumed its services, targeting routes from Curaçao to Colombia, Jamaica, the Dominican Republic, Haiti, and St. Maarten.
However, the expansion of local airlines Winair and Z Air, alongside the emergence of low-cost Arajet and the expansion of Sky High, constrained JetAir's limited operations.
Additionally, the high operating costs of its Fokker 70 aircraft forced JetAir to ground one for spare parts.
JetAir has reported losses of more than US$1 million, resulting in JetAir ceasing operations.
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