The Tribune

Sky’s the limit: Weather services project offers key to help Treasury

A group of Bahamian entrepreneurs have the “Green Light” for a $427M investment in what US global aerospace, defence, intelligence and weather contractor Raytheon Technologies has termed as the “ 'First-of-Its-Kind Transformational, Aviation Climate, Meteorological, Navigation, 3D Terrain, Street and Chart Mapping & Severe Weather Sensing Network... that exceeds those of any industrial nations” — providing Dr Minnis' administration with the components necessary to collect what is projected to be $300M in “Overflight Fees” from the 594,00 commercial, cargo and private carrier flights using Bahamas' sovereign airspace each year.

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• February 26, 2021