Regional leaders urged to back loan for LIAT

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Jun 04, 2013

GEORGETOWN, Guyana, CMC – Caribbean Community (CARICOM) leaders are being urged to support a loan application by the regional airline, LIAT, for funds to undertake a re-fleeting exercise so as to sustain its operations and improve services.
A CARICOM Secretariat statement said that regional transport ministers who met in St. Vincent and the Grenadines last week, have agreed to put forward to the regional leaders a proposal that they support the LIAT loan application to the Barbados-based Caribbean Development Bank (CDB).
The statement gave no details regarding the costs of the re-fleeting exercise, but LIAT which flies to 21 destinations in the region and has 1,000 flights weekly, said it was seeking to acquire French-made 48 and 63-seater aircraft.

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