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LIAT Shareholders Reach Agreement to Sell Three Planes

Caribbean News Service (CNS) — LIAT’s major shareholders have reached an agreement, which Antigua and Barbuda’s Prime Minister Gaston Browne said could see the airline flying again “in 60 to 90 days.”

Prime Ministers Mia Mottley, Ralph Gonsalves and Gaston Browne (Photo via Barbados Today)
Prime Ministers Mia Mottley, Ralph Gonsalves and Gaston Browne (Photo via Barbados Today)

The shareholders, which also include the governments of Barbados, St. Vincent and the Grenadines and Dominica, met virtually late on Monday for Browne to present a plan to reorganise the cash-strapped LIAT.

“I think that our colleagues understand that there’s significant merit in the proposed reorganisation plan and we were able to come to a consensus,” Browne announced Tuesday morning.

“The meeting went very well, the tone of the meeting was very respectful, the interventions were heard and we came to the consensus that we should sell the three planes that are owned by LIAT and charged to the Caribbean Development Bank (CDB).

Read more at: Barbados Today

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