Bankruptcy is not an option for State-owned Caribbean Airlines Ltd (CAL), Finance Trinidad & Tobago Minister Larry Howai said yesterday. Howai said the company would now have to restructure its entire finance structure. “We have to consider going forward when we restructure the overall balance sheet to facilitate the ability of CAL to meet payments and meet commitments out of existing cash flows. I can’t say if it will require cutting down on staff. We need to be careful that we do”. “Everything will be up for review—including the board, not just the balance sheet,” Howai said. The company faces

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