The Cabinet of Antigua and Barbuda affirmed the decisions made by the Chairman of Cabinet in his negotiations with the Leeward Island Airline Pilots Association (LIAPA). The offer then was to pay 50% of severance, a non-recourse offer. The Chairman also offered to purchase all the assets of LIAT (1974 Ltd) by the Government of Antigua and Barbuda, estimated to value about $10 million. This amount could be paid before Christmas for distribution to all the severed employees of LIAT throughout the system. However, it must form a part of the entire agreement with LIAPA and all unions, and the sum is to be deducted from all payments to be made in the proposed settlement. That settlement will include 1/3 cash, 1/3 bonds, and 1/3 lands. All LIAT Unions must agree to the 50% severance for the offer to take effect.