EZJet seeks to assure that it will still be Flying.
The upstart airline EZJet’s acting CEO, Rosalinda Rasul, is insisting that there are enough funds being generated to keep the airline in the air for the immediate future. She said, the bump in the management structure created by a civil lawsuit against former CEO, Sonny Ramdeo, is being handled by the Advisory Management Team. The airline says, that its initial investments and its sales at peak seasons have allowed for the buoyancy of the operations so far.
EZjet’s former CEO is being accused of using funds from Promise Healthcare, a hospital service provider, to fund his airline operations. Promise Healthcare says, it never authorized Ramdeo to use funds for that purpose over 5.4 million US dollars.
In court documents filed in Florida, the company claimed that Ramdeo in his capacity as a Payroll Executive took money that was intended to pay the healthcare provider’s staff and allegedly funded and bankrolled the upstart airline.
Ever since EZjet took off, flying between Guyana and the US in the first instance, questions were raised by persons knowledgeable in the aviation sector that the funders behind the airline had to have had deep pockets. The initial financial outlay appeared to be very high for the type of aircraft being used on the route. In addition, knowledgeable aviation sources said that the fares and incentives being offered like extra baggage allowance meant, that the airline would take a while to break even. The acting CEO Rosalinda Rasul said that the offers being made by EZjet have been well worked out.
EZjet managed to maintain a number of flights between Guyana and New York since last year December and expanded to flights to Toronto and Port of Spain this year.