BWIA West Indies Airways, the money-losing Trinidad and Tobago carrier that unsuccessfully attempted multiple recoveries over the past decade, will shut down Dec. 31 and be replaced by a new carrier, Caribbean Airlines. CEO Peter Davies, who will continue to serve as the top executive at the new airline, decided that a shutdown and clean start were necessary when BWIA's four labor unions balked at concessions proposed in the carrier's latest restructuring plan. "When we could not get the ...

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