Air Demerara on Saturday, the eve of Guyana’s 50th Republic anniversary, announced the launch of Guyana’s national airline.
The airline was incorporated in June of 2019, and can trace its presence in the country back to more than ten years. Air Demerara will launch service in 2021 with a fleet of brand-new, fuel-efficient aircraft with a list price of US$500M.
The route structure consists of nonstop and direct service which guarantees not only a monopoly, but profitability on every route from both the Cheddi Jagan International Airport (“GEO”) and Eugene F. Correia International Airport (“OGL”) to North America, the Caribbean, and Brazil.
President and Chief Executive Officer, Zain Tulsie Issurdutt, of Guyanese parentage, has returned to Guyana accompanied by his father and Chairman, Tulsie Ram Issurdutt. Tulcie, a native of Guyana was born in Leonora on the West Coast of Demerara.
Both hold undergraduate business degrees from the University of Nevada, Las Vegas and New York University, Stern School of Business, respectively.
The Issurdutts have gained a wealth of knowledge in the aviation industry spanning more than half of a century combined. They created their own airline, TriStar Airlines, which was based in Las Vegas, Nevada and operated under an exclusive marketing agreement with Japan Airlines.
Tulsie Issurdutt holds the distinction of being one of only three foreign nationals to create and certify a Part 121 scheduled commercial airline in the United States. The other two being JetBlue Airlines’ Brazilian born David Neeleman and Virgin America’s British born Sir Richard Branson.
In addition to his father, Air Demerara’s CEO, has brought with him a well-seasoned management team with a collective work experience of more than a century in the airline business, along with the support of one of the world’s leading aircraft manufacturers, Airbus, to bring Guyana a national airline worthy of its patronage.
Air Demerara has filed its Letter of Intent with the Guyana Civil Aviation Authority (“GCAA”) which was well received and as a result, the GCAA has pledged its support to facilitate this national endeavor.
Air Demerara will dedicate a percentage of ticket sales to offset carbon emissions while creating more than 500 jobs offering competitive salaries and benefits packages higher than industry average, along with establishing an employee profit sharing program to ensure a loyal employee work force and customer base, and by extension, its success.
Privately owned, Air Demerara has placed a portion of company stock in escrow to create a stock offering to allow for ownership by its employees and the Guyanese public.
Air Demerara will be hosting a formal launch reception during the 3rd week of March at the Guyana Marriot Hotel in Georgetown.