On Wednesday June 20th, 2012, the annual shareholders meeting was held in St. Maarten, attendees from left to right are Roberto Gibbs-CFO and Change Manager, Robert Budike-Supervisory Board of Directors member, Peggy Ann Brandon legal representative, George Greaux Jr.-Chairman Supervisor Board of Directors, Michael Cleaver-Managing Director, Michael Ferrier-St.Maarten Shareholder representative, Gerrit Draai-Supervisory Board of Directors member, Hans de Jong-Shareholder representative of the Netherlands.
In the short time, the new management has had the daunting task to meet deadlines in order to present the annual accounts for approval by the shareholders spanning 4 years of financial reporting, notably years 2008, 2009, 2010, and 2011. In the management report to the shareholders, the continued improvements in the core route plan in terms of revenues, load factors, and yields were highlighted, and the other areas of operational and cost center concerns that are still being worked on.
Amongst the agenda proposals that were handled, the installment of the second managing director was passed, effectively establishing the managing board with Michael Cleaver as President, and Mr. Roberto Gibbs as the Vice president.
A draft business plan has been submitted for comments before finalizing it and will be the basis for Winair to continue its operations while working out the structural solutions to its considerable debt position that was inherited from the previous Netherlands Antilles shareholder.
Press Release from WINAIR