MIAMI — Cayman Airways has received approval from the Cayman Islands Government to proceed with its modernization plan., which is set in the fourth quarter with the introduction of a Boeing 737-800 to the fleet, followed by four 737 MAX 8s to be delivered between 2018 and 2020.
The Cayman Island Deputy Premier and Minister for Tourism, District Administration and Transport, Moses Kirkconnell, commented that the plan “will not only give to our national airline the newest fleet in the region, but it will also guarantee our growth in tourism air arrivals as we prepare our airport to accommodate more visitors and as our room stock grows accordingly.”
Kirkconnell informed that the four Boeing 737-300s currently in service will be phased out in 2020, and that the additional range and extra capacity offered by the coming 737s will allow Cayman Airways “to reach any part of the United States and most of Canada, with a 30% growth in capacity, poising the airline to increase the $200 million economic contribution to the local economy annually.”
“The low operating costs and potential for increased revenue allow the new aircraft to be introduced with no incremental government funding, and establishes a firm foundation for the continued success of the airline” said Cayman Airways Chairman Philip Rankin. “Just as our 737-300 purchase brought strong financial benefit to the airline, we are certain that this new step in our plan will again prove to be the right decision.”