CaribWorldNews, ST. GEORGE’S, Grenada, Tues. Jan. 8, 2008: Famous British resort developer, Peter de Savary, is vowing to put up bond money to help the Spice Island of Grenada attract another regional airline.
De Savary’s vow comes as the Grenada government slammed the tardy service of LIAT, the regional carrier. A strike by LIAT flight attendants last month left hundreds of passengers stranded throughout the region. Grenada, like many Caribbean countries, is dependent on tourism dollars to sustain its economy and tardy flights could hit the bottom line of the sector.
“We are willing to put up hundreds of thousands of U.S. dollars in the form of bonds to the airlines to guarantee the airlines that they don’t lose any money if they bring the planes to Grenada,` de Savary said Sunday.
The serial entrepreneur, renowned the world over for his legendary hospitality creations, last year bought four properties in Grenada in the Caribbean, where he is developing a marina and resort village.
Over the last 30 years, since his first project, the El Salam Hotel, in Cairo, Egypt in 1976, de Savary has developed 25 five star clubs and resorts, ranging from the St. James’ Clubs in London, New York, Los Angeles, Paris and Antigua to Skibo Castle in Scotland, Bovey Castle in England and Cherokee Plantation in Yemassee, SC. He has also created Carnegie Abbey, in Newport, RI, and founded The Abaco Club on Winding Bay in Abaco, The Bahamas, among many others. – CaribWorldNews.