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.”
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
You may also be interested in:
End of Year Message from the Secretary-General of the Caribbean Community (CARICOM) Dr Carla N Barnett
We have come to the end of another year during which strenuous efforts have been made to ensure that the integration process improves the lives of the people of the Caribbean C
CSME, food security, climate finance top agenda of CARICOM Summit in The Bahamas
The CARICOM Single Market and Economy (CSME); food security; climate change and climate finance; health; and security will be among the major topics when Heads of Government of
CSME, food security, climate finance top agenda of CARICOM Summit in The Bahamas
The CARICOM Single Market and Economy (CSME); food security; climate change and climate finance; health; and security will be among the major topics when Heads of Government ofRelated Stories
Momentum accelerating towards fulfilling Region’s agriculture potential and food security
Raymond is passionate about farming. He is not one to simply plant a seed and expect it to grow, but he gets literally to the root of the science behind its growth.
