June 28, 2016
Vernice Walkine
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NAD returns to $322m debt terms compliance
The Nassau Development Company (NAD) no longer requires a government "commitment" or waiver from its lenders after returning to full compliance with conditions governing its outstanding $322.313m debt at end-September 2022.
THE GREAT RETURN: Airport to be swamped with arrival of 6,000 passengers on Saturday
The Bahamas’ major aviation gateway is confident it can escape another debt default waiver as it readies for “numbers we’ve not seen for two years” with 6,100 arrivals anticipated this Saturday.
Nassau’s airport in US PreCheck first
The Bahamas’ main aviation gateway has been selected as the first airport outside the US to run a 90-day “pilot” for fast-tracking security clearance for returning American travellers.
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