Caribbean Airlines sells two ATR turboprops as it works through nine-year auditing backlog

Caribbean Airlines, the Trinidad and Tobago-based carrier, is undertaking a significant restructuring effort focused on improving transparency and accountability. As part of this plan, the airline is diligently working to resolve a nearly decade-long backlog of financial audits covering almost eleven years of statements. This audit process is considered ‘essential’ by Caribbean Airlines for rebuilding its operations and enhancing governance standards. The company has already initiated sales of two ATR turboprops as it addresses these outstanding accounting matters. Ultimately, Caribbean Airlines aims to achieve greater operational clarity through comprehensive auditing and strategic asset management.