Comments on: Aecon: Lower Revenue Due To Flight Suspension https://bernews.com/2020/07/aecon-lower-revenue-due-to-flight-suspension/ Bermuda's #1 source for 24/7 breaking news, photos & videos Fri, 24 Apr 2026 17:03:38 +0000 hourly 1 http://wordpress.org/?v=3.7.5 By: baby peter https://bernews.com/2020/07/aecon-lower-revenue-due-to-flight-suspension/#comment-5353573 Fri, 31 Jul 2020 00:57:52 +0000 https://bernews.com/?p=994746#comment-5353573 Do you have any idea how much it was costing in maintenance alone? A cost that would increase year on year? You really would not have wanted to work under such conditions. A new airport was a no brainer, even Brown’s PLP knew that, yet his would have cost a damn sight more.

]]> By: saud https://bernews.com/2020/07/aecon-lower-revenue-due-to-flight-suspension/#comment-5352941 Thu, 30 Jul 2020 01:10:51 +0000 https://bernews.com/?p=994746#comment-5352941 They never remember the hospital they sold to foreigners to the tune of $10 Billion over the next 30 years, or the $800 Million….or putting Bermuda Billions of dollars into debt.

]]> By: Ringmaster https://bernews.com/2020/07/aecon-lower-revenue-due-to-flight-suspension/#comment-5351936 Tue, 28 Jul 2020 11:17:00 +0000 https://bernews.com/?p=994746#comment-5351936 OJ. Shady deal? It was reviewed many times over by outside entities, including the UK. If you want to look at shady deals, look at the money paid to Global Hue; the money spent on Port Royal which resulted in a lawsuit; the terms of the new “hospital” which has still never been released and the soon to be signed PPP to build the Arbitration Centre. When will the marches and blockades of the HOA start?

]]> By: Double S https://bernews.com/2020/07/aecon-lower-revenue-due-to-flight-suspension/#comment-5351928 Tue, 28 Jul 2020 11:05:24 +0000 https://bernews.com/?p=994746#comment-5351928 Or the PLP hospital WING whichcosts is $30mn a year doe 30 years.

]]> By: Question https://bernews.com/2020/07/aecon-lower-revenue-due-to-flight-suspension/#comment-5351900 Tue, 28 Jul 2020 10:16:46 +0000 https://bernews.com/?p=994746#comment-5351900 Suddenly you don’t want to talk about cost overruns.

]]> By: Albie https://bernews.com/2020/07/aecon-lower-revenue-due-to-flight-suspension/#comment-5351681 Mon, 27 Jul 2020 23:36:09 +0000 https://bernews.com/?p=994746#comment-5351681 Has the BIU finally filed their accounts with the Bermuda Government as required by law after all, all, all these years?

Nahhhhh not going to happen.

]]> By: Joe Bloggs https://bernews.com/2020/07/aecon-lower-revenue-due-to-flight-suspension/#comment-5351417 Mon, 27 Jul 2020 14:46:37 +0000 https://bernews.com/?p=994746#comment-5351417 Given that Correia Construction is in liquidation, I did not think it appropriate to discuss the deal that allowed for sub-standard material to be used at the King’s Wharf Cruise Ship Terminal

]]> By: Double S https://bernews.com/2020/07/aecon-lower-revenue-due-to-flight-suspension/#comment-5351355 Mon, 27 Jul 2020 12:19:07 +0000 https://bernews.com/?p=994746#comment-5351355 What do you think about the PLP hospital WING that costs us $30mn a year for 30 years?

At least we got a whole airport for you same amount.

]]> By: Drop in the bucket https://bernews.com/2020/07/aecon-lower-revenue-due-to-flight-suspension/#comment-5351336 Mon, 27 Jul 2020 11:16:36 +0000 https://bernews.com/?p=994746#comment-5351336 Berkeley is a drop in the bucket versus Caroline Bay and the 1 Billion over 30 years with the airport deal! Thanks OBA! They have got to get rid of Cannonier and Dunkley if they even want to compete – but they won’t!

]]> By: Question https://bernews.com/2020/07/aecon-lower-revenue-due-to-flight-suspension/#comment-5351285 Mon, 27 Jul 2020 09:26:04 +0000 https://bernews.com/?p=994746#comment-5351285 The shady deal to let the BIU off its obligation to pay the $7.5m Performance Bond?

]]> By: Question https://bernews.com/2020/07/aecon-lower-revenue-due-to-flight-suspension/#comment-5351283 Mon, 27 Jul 2020 09:24:31 +0000 https://bernews.com/?p=994746#comment-5351283 I agree. This had to have been obvious since February.

They also make a big deal of $5.7m, but it was the PLP who let the Union off its $7.5m obligation under the Berkley Performance Bond.

]]> By: Blake Mac https://bernews.com/2020/07/aecon-lower-revenue-due-to-flight-suspension/#comment-5351051 Mon, 27 Jul 2020 01:02:33 +0000 https://bernews.com/?p=994746#comment-5351051 The airport used to make a net profit of $4m per annum prior to Aecon taking over airport revenue. Like I was opposed to this project back in 2016, I continue to be opposed today. We are a small nation and the airport we had was just fine. Small is beautiful!

]]> By: LMAO https://bernews.com/2020/07/aecon-lower-revenue-due-to-flight-suspension/#comment-5351033 Mon, 27 Jul 2020 00:03:44 +0000 https://bernews.com/?p=994746#comment-5351033 That’s 20 million plus a year thanks to the oba aka UBP. When a party selects Jetgate as it’s leader you know it’s not serious about winning any future elections. Later they complain that so many voters left them and they wonder why.

]]> By: Ringmaster https://bernews.com/2020/07/aecon-lower-revenue-due-to-flight-suspension/#comment-5350947 Sun, 26 Jul 2020 21:14:32 +0000 https://bernews.com/?p=994746#comment-5350947 Why is this a surprise? Why didn’t the Minister of Finance build this into his planning? The PLP knew the terms of the contract so would know as soon as they closed the airport all revenue would cease and the guarantee triggered.

]]> By: Onion Juice https://bernews.com/2020/07/aecon-lower-revenue-due-to-flight-suspension/#comment-5350887 Sun, 26 Jul 2020 18:44:36 +0000 https://bernews.com/?p=994746#comment-5350887 But you have nothing to say about this shady deal that was made?
LMAO

]]> By: Dumb https://bernews.com/2020/07/aecon-lower-revenue-due-to-flight-suspension/#comment-5350754 Sun, 26 Jul 2020 14:36:09 +0000 https://bernews.com/?p=994746#comment-5350754 Well right now we are on the hook for a billion $ loss over 30 years thanks to OBA! I’m thinking even the PLP would have done much better!

]]> By: Joe Bloggs https://bernews.com/2020/07/aecon-lower-revenue-due-to-flight-suspension/#comment-5350743 Sun, 26 Jul 2020 14:20:12 +0000 https://bernews.com/?p=994746#comment-5350743 “Therefore, the Government assumes it will be forced to provide the Airport Authority with additional supplementary funds at quarterly intervals this year.”

That is good to know. Now the PLP Government will be planning for further payments to our lenders for the airport construction.

The PLP Government stopped paying into the sinking fund, so we won’t have savingsto pay our current debt when it falls due.

]]> By: Why https://bernews.com/2020/07/aecon-lower-revenue-due-to-flight-suspension/#comment-5350657 Sun, 26 Jul 2020 11:42:38 +0000 https://bernews.com/?p=994746#comment-5350657 How much would we have lost if the Government was still running the airport?

]]> By: Onion Juice https://bernews.com/2020/07/aecon-lower-revenue-due-to-flight-suspension/#comment-5350648 Sun, 26 Jul 2020 11:30:10 +0000 https://bernews.com/?p=994746#comment-5350648 And just to think they were ready to sell our Airport to the Chinese.
Thank you SpongeBob and OBA!!!!!!!!!!!!!!!!

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