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Dominican Air may soon be a reality. With talks underway with a group of Dominican and foreign investors to contribute 10% of the funding needed to begin operations. The group consists of National Hotel Association (ASONAHORES) president Luis Lopez, Punta Cana Group representative Paola Rainieri, Casa Colonial president Roberto Cassoni, Viva Wyndham Hotels president Ettore Colussi, Lawrence Hazoury of the AERODOM Group, Marino Ginebra, Linnette Arbaje, Dominigo Bermudez, Nick Tawil Fernandez of Roco Ki and others. It was the fourth time they have met with Tourism Minister Felix Jiménez who expects the funding to come in by the end of next week. Expected to start operations in April 2008, the airline requires an initial investment of US$10 million. Spanish tycoon and president of the Group Globalia and Air Europe, Juan Jose (Pepe) Hidalgo, will provide 30% of the capital with the remaining 70% to come from Dominican sources. They will begin flights in with a new Boeing 737-800, adding another one in June and a wide cabin Boeing 767 in October. Technical and commercial operations will be run by the Spanish company Air Europe who will also train pilots and crew on procedures and operations.. |
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At least seventeen major infrastructure projects will be presented by the Dominican government as well as the private sector at the V International Infrastructure Forum in a bid to attract tenders to develop them. Dozens of Latin American investors will select 50 of the most important development projects for Latin American plus 10 initiatives for the Dominican Republic. Included in the country's wish list are Viadom 2007, the Santo Domingo metro and various housing, road construction, hydroelectric energy and coal mining projects. Potable water and technology development are also on the table. The director of the Export and Investment Center expects the Dominican presentations to be well received. |
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Effective June 7 as part of its summer schedule Delta Airlines will be offering a new service between Fort Lauderdale and Santo Domingo. This will bring the number of flights out of Santo Domingo to twenty-one – seven to New York-JFK, seven to Atlanta and seven to Fort Lauderdale. Delta already offers twenty-eight flights from the U.S. to Santiago, Punta Cana and Puerto Plata. The new service, Flight 291, will run daily departing Fort Lauderdale at 7:15am, arriving Santo Domingo at 9:15am and return service, Flight 292, will depart Santo Domingo at 7:15pm, arriving Fort Lauderdale at 9:20pm. |
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In advance of the Summit on Drugs, Security and Cooperation, the leaders of the Dominican Republic and Haiti are this week promoting new agreements of collaboration. Haitian president Rene Preval has already signed cooperation agreements with Venezuela and Cuba. In his visit this week to the Dominican Republic he will discuss with Dominican President Leonel Fernandez issues such as trade, emigration and the battle against drug trafficking. They will also analyze the creation of an organization in charge of following up the agreements signed and will propose mechanisms to guarantee border security. |
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Chief Trade Negotiator Julio Ortega Tous and Dominican Ambassador in Canada Eduardo Tejera revealed in a meeting with Foreign Ministrer Carlos Morales that negotiations for a bilateral trade agreement between Dominican and Canadian governments began yesterday, March 13. Originally scheduled for 2008 or 2009, it took the persuading of Canada’s Prime Minister Stephen Harper and International Trade Minister David Emerson by Dominican negotiators to get the timing moved up. This was confirmed by an official notice of the Canadian government on February 22 and is seen as a foreign policy success by Tejera. It is expected that the bilateral agreement will be concluded this year. The DR-CAFTA trade deal allows for the use of Canadian raw materials in the re-manufacture of products in the Dominican Republic. Tous stated that a free trade treaty with Canada “besides allowing us the entrance to the regulation of rules of origin with the United States, we are going to be a market of 34 million inhabitants, of very high spending power, very integrated to the global economy and, in particular, to the economy of North America.” |
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