Tag Archives: Airlines: LIAT to be liquidated and new airline formed – Antigua’s PM Gaston Browne

Airlines: LIAT to be liquidated and new airline formed – Antigua’s PM Gaston Browne

Barbados Today  –

“From all indication, LIAT will be liquidated,” Prime Minister of Antigua, Gaston Browne has just announced.

The Prime Minister said there will be a meeting of all shareholders shortly to discuss collapsing LIAT. —- A new entity will be formed.

“COVID would have actually, let’s say increased the losses exponentially, so whereas in all of 2019 LIAT made a loss of about EC$12 million, that was within the means of the shareholder governments to subsidize,” Browne said on local radio in Antigua.

“You would have found that since COVID, the planes have been grounded, they have to pay the lease payments and they are not getting any revenue.      Continue reading

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