• Home
• The Airline
• The Opportunity
• The Transaction
• Dataroom
• Contact

The Transaction Process

The Government of Jamaica is inviting private sector companies or consortia of private sector companies to express their interest and register for the Project. Only registered parties will have access to the Information Memorandum and the Data Room and will be allowed to conduct their due diligence including site visits and meetings with the Project’s stakeholders.

Registration Process

Interested parties may download the Invitation Letter describing the due diligence procedures and registration process.

To register:

1. submit a signed Non-Disclosure Agreement;
2. provide information related to the following areas:

• A description of the interested party’s organization, including brief biographies of key management;
• A description of the interested party’s experience in the aviation industry and/or a list of recent equity-type transactions; and
• Evidence of the interested party’s financial ability to undertake the Project: for instance, recent audited financial statements, a description of the proposed funding of the Transaction and/or the operations of the company, and/or evidence of commitments to support such funding.

At any time during the due diligence process, the Government of Jamaica may send registered parties a final bid package with the Government’s preferred form of transaction documents. Registered parties will then be asked to submit final binding bids. Negotiation of transaction terms with any registered party may begin either before or after the date on which final bids are submitted. The Government of Jamaica and its advisors will evaluate final bids and will select one or more registered parties for final negotiation.

Information Memorandum and Data Room

Registered parties will have access to the Information Memorandum and the Data Room. The Data Room will include the following documents:

• The contractual documentation of the Transaction i.e. the proposed Shares Purchase Agreement;
• Technical studies including market forecasts, optimized network plan, short-term financial restructuring plan, studies on Air Jamaica’s competitiveness and Air Jamaica’s commercial and operational performance;
• Corporate documentation on Air Jamaica which will include relevant material disclosures; and
• Legal and regulatory documentation.