The Curaçaon Government has announced it has selected US conglomerate One Laser Group LLC to become a strategic partner in InselAir (Curacao).

One Laser Group LLC (OLG) is based in Florida with interests in the air freight, supply chain, and logistics sectors. Its shareholders have also had first-hand experience in running airlines in the past.

The Ministry of Economic Affairs said in a statement issued on Friday, July 20, that talks with OLG would now proceed with a final agreement expected by the end of August.

If consummated, the partnership will see OLG secure a stake of up to 49% in InselAir. It will also invest in and support the airline in its re-expansion and re-fleeting process, necessary for it to realize its long-term strategic goals.

InselAir is in the process of restructuring its operations following several brushes with bankruptcy over the past three years. It is currently afloat thanks, in part, to a ANG33 million guilder (USD18.6 million) loan from the Curaçaon state.

Its fleet currently consists of five Fokker 50s, of which only one is operational, and one E190 wet-leased from Conviasa (V0, Caracas Simón Bolivar).