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BAHAMAS: D’Aguilar: Potential privatization of NFS would involve Bahamian investors only

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#Nassau, June 6, 2018 – Bahamas – Any potential sale of the government-owned and operated Nassau Flight Services Limited (NSF) will be open to Bahamian investors only, Minister of Tourism and Aviation the Hon. Dionisio D’Aguilar said.

Addressing a recent Client Appreciation Cocktail Reception at Balmoral Club, May 25, 2018 hosted by the Board of Directors, Senior Executives, Management and Staff of Nassau Flight Services Limited, Minister D’Aguilar said the Government of The Bahamas is exploring the option of privatizing Nassau Flight Services.

Mr. D’Aguilar said the process is “probably six to eight months away from coming to a conclusion.”

“It is our fundamental belief that the private sector, in the hands of Bahamians, will serve the customers better; would bring about significant investment in Nassau Flight Services; will allow it to be more profitable, and will result in more modern equipment and improved services,” Mr. D’Aguilar said.

“The private sector is more nimble and is better able to react to the changing markets and so this government wants to change a policy that has been in effect for many years – which is the Government has to run everything and that is why we are moving in that direction.

“The Government has expressed an interest in seeking to put into the hands of Bahamians, companies that are presently in the hands of the Government.  And so we are going to explore this privatization process.  The accountants are looking at it, they are coming back to us with an evaluation and then it has to go to Cabinet to see whether we can get approval for it.

“Once we have that, then we will open it up to Bahamians – only Bahamians, to apply if they would like to invest in Nassau Flight Services, to rejuvenate, to reinvigorate to reinvest in Nassau Flight Services to allow for its rebirth.”

Mr. D’Aguilar said a key component of any potential privatization of the company is to ensure that the employees “are taken care off” and that both clients and employees “are not disrupted during this process.”

“We would want to ensure that the employees of NFS are protected, are cared for, are looked after as a part of this process.  I don’t want anyone to be unduly concerned.  Of course change is always of concern, but we are very mindful that we want to do something that causes the least amount of stress for the employees.

“Rest assured we are very mindful of ensuring that you the employees and you the customers, are not disrupted during this process.”

Nassau Flight Services has been operating continuously in The Bahamas since 1957.  As a ground handling company, Nassau Flight Services provides complete services in Planning and Management, Passenger Services, Aircraft Services and Ramp Handling, Cargo Services and VIP Services.

The company boasts many strengths, among them — experienced staff, many of whom have continuously been in the ground handling or airline industry for more than 20 years.  Additionally, the company has a Good Customer Satisfaction Record, enjoying positive feedback from clients who have expressed satisfaction with NFS services for the past five years.

 

By: Matt Maura (BIS)

Group photo taken at Nassau Flight Services Client Appreciation Cocktail Reception at Balmoral Club, May 25, 2018 hosted by the Board of Directors, Senior Executives, Management and Staff of Nassau Flight Services Limited.   At centre/front is Minister of Tourism and Aviation the Hon. Dionisio D’Aguilar; centre front/second left, Parliamentary Secretary in the Ministry of Tourism & Aviation Travis Robinson; centre/back, Board Chairman Howard Rickey Mackey; and at left is Nassau Flight Services Manager Ricardo Rolle.

 

 

BIS Photos/Kemuel Stubbs

 

Header: Minister of Tourism & Aviation the Hon. Dionisio D’Aguilar.

Inserts: Officials and Guests

 

 

 

 

 

 

 

 

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New GPS Evidence Prompts Fresh Search for Missing American Woman in Abaco

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ABACO, BAHAMAS — Nearly two months after American sailor Lynette Hooker vanished in waters off Abaco, investigators are preparing to conduct a new search based on GPS and navigation data that reportedly challenges the account originally provided by her husband.

The case, which first drew international attention in early April, began when Brian Hooker told authorities that his wife was swept away after falling from an inflatable dinghy during rough conditions in waters near Elbow Cay.

Initial search efforts involving Bahamian and U.S. authorities covered extensive areas of the Sea of Abaco but failed to locate the missing Michigan woman.

Now, according to multiple U.S. media reports, investigators have obtained electronic navigation and GPS data that appears to place the couple’s dinghy in a different location from where searchers initially concentrated their efforts.

The new information has prompted authorities to reopen search operations and seek permission for divers to examine a more targeted area of the Sea of Abaco.

Unlike the broad search that followed Hooker’s disappearance, the renewed effort is expected to focus on a relatively shallow section of water, reportedly about 25 feet deep. Investigators believe the location may offer a better opportunity to recover evidence and potentially answer lingering questions surrounding the disappearance.

The latest development marks a significant shift in the investigation.

What began as a maritime search-and-rescue operation has evolved into a complex multinational investigation involving Bahamian authorities, the United States Coast Guard and the Federal Bureau of Investigation.

Brian Hooker was detained and questioned by Bahamian authorities following his wife’s disappearance but was later released without charges. While investigators have never publicly accused him of a crime, reports indicate he remains a person of interest as authorities continue to examine the circumstances surrounding the case.

Hooker has repeatedly denied any wrongdoing and has maintained that his wife accidentally fell overboard.

The investigation has intensified in recent weeks. U.S. authorities have reportedly seized the couple’s sailboat, Soulmate, transporting the vessel to Florida for forensic examination. Investigators are said to be reviewing onboard electronics, digital records and other potential evidence as part of the ongoing inquiry.

The case has also attracted attention from Lynette Hooker’s family, who have continued to press for answers and support efforts to locate her.

The renewed search comes after Brian Hooker returned to the United States following the disappearance. Reports indicate he cited family reasons, including concerns about his mother’s health, for leaving The Bahamas.

For investigators, however, the focus now appears fixed on the newly identified search area and the electronic evidence that led them there.

Whether the latest operation produces answers remains to be seen. But nearly eight weeks after Lynette Hooker disappeared in the waters of Abaco, authorities believe new technology and new information may finally provide a clearer picture of what happened that night.

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Nassau Opens CDB Annual Meeting at Baha Mar This Week

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NASSAU, BAHAMAS — Regional policymakers, development financiers, economists and international partners are converging on Nassau this week as the Caribbean Development Bank (CDB) stages its 56th Annual Meeting at the Baha Mar Resort from June 1-5, 2026.

Held under the theme, “Forging the Caribbean’s Future: Strategic Solutions for Uncertain Times,” the gathering is expected to place The Bahamas at the center of discussions on some of the region’s most pressing challenges, from climate resilience and energy security to debt sustainability and economic growth.

At the launch of the annual meeting on March 19, CDB President Daniel Best underscored the importance of bringing together leaders from across the Caribbean and beyond at a time of global uncertainty.

“The Annual Meeting provides a strategic moment for the Caribbean, an opportunity for our leaders, governments, development institutions, private sector, youth, and international partners to come together to identify practical solutions that can help the Region navigate uncertainty while unlocking the opportunities that lie ahead,” Best said.

The conference host, newly named Bahamas Minister of Finance and Chairman of the CDB Board of Governors, Michael Halkitis, also emphasized the significance of the event during the March 19 launch ceremony.

“Today’s gathering marks more than the start of preparations for an important meeting. It represents the beginning of a renewed conversation about the future of the Caribbean, about our shared aspirations, our common challenges, and the partnerships that will shape the path forward for our region,” Halkitis said.

He added: “Hosting the 56th Annual Meeting of the Caribbean Development Bank here in Nassau provides an important opportunity to strengthen partnerships and advance meaningful dialogue on the future of the Caribbean.”

Over the five-day meeting, delegates will tackle major issues including energy transition and resilienceinnovative debt solutions for Caribbean economies, and the impact of global economic shocks on regional development.

The programme features a number of high-level events including the Youth FIRE Forum, the William G. Demas Memorial Lecture, the President’s Chat titled Financing the Future: MDB Strategies for Uncertain Times, and a series of policy seminars examining climate finance, infrastructure, economic resilience and development lending.

Among the featured participants are CDB President Daniel Best, Finance Minister Michael Halkitis, senior officials from multilateral development banks, regional finance ministers, central bank governors, economists, development specialists and private-sector leaders. The President’s Chat is expected to bring together leaders of major multilateral development banks to discuss financing strategies for developing states facing mounting economic pressures.

The annual meeting also includes sessions branded “EDGE X by CDB: Analytics Unlocked,” which will explore the economic costs of traffic congestion in the Caribbean and how global crises continue to affect regional economies.

The CDB Annual Meeting traditionally attracts representatives from the Bank’s 28 member countries, including government ministers, senior public officials, development agencies, international financial institutions, youth delegates, academics and private-sector stakeholders. Hundreds of delegates are expected to participate in discussions that will help shape development priorities and financing strategies across the Caribbean in the years ahead.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

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Afreximbank Annual Meetings Return Next Month; Caribbean Links Remain in Focus

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May 29, 2026 – Two years after The Bahamas made history as the first Caribbean nation to host the African Export-Import Bank’s Annual Meetings, thousands of delegates are expected to gather in Egypt next month for AAM2026.

The 33rd Afreximbank Annual Meetings will be held from June 21-24 in El Alamein, Egypt, under the theme: “Intra-African Trade and Industrialisation: Pathway to Economic Sovereignty.”

The event is regarded as one of Africa’s most important gatherings on trade, investment, finance and economic development, bringing together heads of state, policymakers, business leaders, development finance institutions and international partners.

For Caribbean nations, the meetings hold special significance.

In 2024, The Bahamas welcomed thousands of delegates to Nassau for the landmark event, marking the first time the annual meetings were staged outside the African continent and placing the Caribbean at the center of growing discussions on Africa-Caribbean trade and investment.

Since then, Afreximbank has continued to expand its engagement in the region, promoting stronger commercial ties between Africa and Caribbean countries and exploring opportunities in trade finance, infrastructure development, logistics, investment and private sector growth.

Organizers say this year’s discussions will focus on strengthening intra-African trade, advancing industrialization, building regional value chains and increasing economic resilience amid global uncertainty.

The meetings are also expected to provide a platform for new partnerships, investment opportunities and development initiatives that could have implications beyond Africa, including for Caribbean nations seeking to deepen economic cooperation with the continent.

As leaders prepare to convene in Egypt, the Caribbean’s growing relationship with Afreximbank remains a key part of the institution’s broader vision of expanding trade and investment connections across the Global South.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

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