Antigua and Barbuda, along with the Caribbean Development Bank (CDB), have agreed to purchase three aircraft formerly owned by LIAT (1974) Ltd., which ceased operations due to COVID-19.
Prime Minister Gaston Browne announced the finalized deal, overcoming initial disagreements.
Negotiations focused on the aircraft’s $12.5 million market value, with the government having $4.1 million in escrow.Two of the planes are currently not airworthy. Despite challenges, the purchase is expected to conclude soon.
Prime Minister Browne also disclosed plans for LIAT 2020, aiming to revive the airline instead of letting it collapse like other shareholder governments did.
He mentioned securing concordance from PMs of Dominica, Barbados, and St. Vincent, with Dominica’s PM already signing.
The government aims to apply for LIAT 2020’s Air Operator’s Certificate (AOC) within the next few weeks, targeting operation commencement in 60 to 90 days.This progress reflects the government’s commitment to benefitting Antigua and Barbuda’s populace.
