The Prime Minister reported on his Zoom meeting with the Caribbean Development Bank (CDB) and representatives of the LIAT shareholders, on Tuesday.
He told of his offer to purchase the three aircraft which the CDB owns, and which will be utilized by LIAT (2020) Ltd. now that LIAT (1974) Ltd. has been dissolved.
The initial talks with the CDB continue on Thursday, as the Prime Minister and Cabinet forge ahead in the resuscitation of the regional air carrier, LIAT.
Following the consummation of the sale, the three aircraft will form the basis of the fleet that will cause LIAT 2020 to become a viable entity.
It will partner with Air Peace to provide the much-needed intra-regional and extra-regional services to move people and cargo throughout the Caribbean.