Surinam Airways renewal plan and CEO’s challenges

From left to right: John Sandi, director Residence Inn, Steve Silos (financial director SLM), CEO Gerard Lau and vice president Clyde Cairo. (Photo: Raoul Lith)

By Ray Chickrie
Caribbean News Now contributor

PARAMARIBO, Suriname — Minister of public works, transport and communication, Patrick Penge, has told the Suriname Star News that the government expects to receive Surinam Airways’ (SLM) renewal plan in two weeks, which will demonstrate how the management plans to turn around the state-owned airline that has been unprofitable for decades and surviving on government subsidies.

The plans are painful because there will be layoffs. The airline has had an inflated staff. Also, SLM will sell unprofitable holdings like the Residence Inn Hotel in Paramaribo and some services…

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