Antigua And Barbuda Looking To Take Over Barbados Shares In Liat

The Minister of Aviation and the Minister of State in the Ministry of Finance reported on the very important meeting held with the shareholders of LIAT, at the airline’s headquarters at Coolidge. The Antigua and Barbuda offer, to purchase the shares of LIAT owned by Barbados, was among several issues raised by Antigua and Barbuda’s representatives to the meeting. Since the Barbados representative was not the Prime Minister of that country, it was agreed that this development would be conveyed to the Honourable Mia Mottley and a response would shortly be forthcoming. The Antigua and Barbuda delegation also made it very clear that the collapse of LIAT was not a matter for discussion; the Gaston Browne administration would not allow LIAT to be downsized or to follow the route of BWIA into extinction. Instead, Antigua and Barbuda intends to grow LIAT out of its difficulties, with every opportunity to make LIAT a profit-making enterprise. At least one large investor has expressed an interest in LIAT, but the airline would have to enlarge its fleet and add other aircraft types, allowing LIAT to fly to destinations outside of the region utilizing routes which LIAT now possesses. Another shareholders’ meeting is contemplated at a time that is mutually convenient.

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