Flights will commence in November 2010 and run until April 2011. The service will operate on Tuesdays, Thursdays and Sundays.

Outbound flights leave Toronto Pearson International Airport at 9.40 am, landing at Owen Roberts International Airport 4 hours later. The return flight to Canada departs from Grand Cayman at 2.35 pm.

Introductory one-way fares start at 189 CAD plus taxes.

Developer Michael Ryan was promised numerous concessions to secure the project including

• A dedicated space for resort guests and owners at Owen Roberts International Airport
• A 99 year lease on the land
• 50 work permits for staff
• Waiving/reduction of import duties

Dragon Bay was announced in March 2009. The proposed project incorporates the Ritz Carlton hotel and the land formerly occupied by the SafeHaven golf course.

He stated ‘Property tax and income tax. To go this route would change the uniqueness of these islands’ economic base.’

To cover the deficit government are seeking private partners to upgrade Owen Roberts International Airport, develop a new sewage system, build a cruise ship facility, and improve roads.

On September 1 government’s operating bank account was overdrawn by CI$4.3 million, with a limit of CI$15 million. Cash outflows during September are likely to be around CI$79 million with revenues of only CI$30 million.

To meet its obligations government needs to borrow around CI$ 40 million. In order to do this it needs the approval of the United Kingdom Foreign & Commonwealth Office.

On Monday 7 September government is due to present plans to the UK outlining proposals to cut spending and increase revenues. They hope to then receive approval to borrow the money they need to pay government salaries and other expenditure.

Last month government was unable to pay employee healthcare and pension costs.

The project was first announced at the start of 2007 and should have been completed next year. Delays have meant that only a new staff parking lot and a reconfiguration of the long and short-term passenger parking areas have so far been finished.

The next stage will see the floor space at the main terminal grow from 80,000 to 220,000 square feet, an expanded ticketing and check-in hall, a new arrivals hall, a domestic arrivals and departures hall, a new international departures hall, a three additional aircraft parking slots.

The company yesterday released its 2009 Business Plan, designed to stem its losses and face the current global economic crisis.

Under the plan the airline will halt flights from Jamaica to Grand Cayman on February 26 2009. Flights to other destination such as Los Angeles and Miami will also cease.

The company is also reducing its fleet from 15 to 9 aircraft.

The family-run business opened its first store at Owen Roberts International Airport more than 50 years ago.