Coolidge, Antigua, (June 1, 2004) –

Paul Moreira the President and Chief Executive Officer of Caribbean Star is leaving the company.
A release from the airline says that Moreira will be “returning to Canada to pursue professional and personal interests.” While, according to the release “Caribbean Star anticipates the appointment of its new CEO shortly”, founder and Chairman of the Board R. Allen Stanford is to assume a more active role in directing the company’s continued growth.{{more}}
The airline has announced that effective immediately, General Manager Commercial, Edward Gilkes and Vice President Flight Operations and Technical Services Gerald Fredericks will assume responsibility for day-to-day operations on an interim basis.
Stanford has said that “Caribbean Star Airlines Limited is proud of its accomplishments in just three short years – achieving more than 88 daily flights to 13 Caribbean destinations, with a superb rate of customer satisfaction. We intend to build upon an outstanding record to create the region’s best airline. We appreciate Mr. Moreira’s contributions and wish him well in all his endeavours.”