In a media release, the minister said the legal issues between the airline and the Civil Aviation Authority of Trinidad and Tobago have been settled on terms which are mutually acceptable to all parties. Maharaj added that the terms of the settlement "remain private as between the parties".
He added that the regulatory authorities are "now satisfied" that all the stringent regulatory requirements including safety have been fulfilled.
He said the consensus of the regional partners and all stakeholders in the industry, together with assurances of compliance of the stringent standards, were reflective of Trinidad and Tobago's commitment to an open sky policy.
Maharaj also stated that the court action brought by the REDjet's owners against the Civil Aviation Authority of Trinidad and Tobago and Amral Mohammed, in his capacity as chairman of the Air Transport Licensing Authority of Trinidad and Tobago, has been settled on "mutually acceptable" terms.
"The relevant Regulatory Authorities continue to discharge their public functions and duties as to the continued monitoring of all air carriers operating in Trinidad and Tobago so as to ensure that the highest standards are attained, consistent with this country's unblemished aviation record.
"With the consensus of our regional partners and all stakeholders in the industry, together with assurances of compliance of the most stringent standards, and the appropriate regulatory oversight, the inclusion of other airlines as regional carriers into the market is reflective of Trinidad and Tobago's commitment to an open sky policy, subject to the compliance with all requirements.
"We are certain that the consuming public in Trinidad and Tobago and the region would welcome a choice in air travel at this time. It is reflective of this country's commitment to the region and to the development of our Caricom partners," the release stated.
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