Antigua and Barbuda’s government has entered into a partnership with Air Peace, Africa’s biggest private carrier, to enhance investments in LIAT 2020 Ltd.
The collaboration involves both parties investing in LIAT 2020, an Antigua-based airline, through cash and other assets, with Air Peace acquiring a majority stake.
The objective is to establish an airline capable of meeting the demand for inter-island connectivity in the Eastern Caribbean.
LIAT 2020 is expected to provide secure and dependable air transport services for passengers and cargo across the region and beyond, according to a statement from the Office of the Prime Minister.
The Foreign Minister, E.P. Chet Greene, stressed the government’s commitment to the carrier’s revitalization, which is critical to the Caribbean region’s social and economic progress.
He also expressed gratitude for Allen Onyema’s continued interest in investing substantially in LIAT 2020.
Allen Onyema, Air Peace’s Chairman, pledged to create a successful and sustainable airline.
Air Peace, Africa’s largest privately owned airline, operates a fleet of over 38 aircraft and has over 3,000 employees, serving markets in Africa, the Middle East, India, China, and Israel, with plans to expand into Europe.