Antigua and Barbuda makes Offer to Barbados Concerning Liat

The Prime Minister has indicated to the Cabinet members that he has written to Prime Minister Mottley on the LIAT restructuring plan. An offer was made for Antigua and Barbuda to acquire the LIAT shares owned by Barbados, through a take-over of the liability of Barbados to the Caribbean Development Bank. No reaction has yet been received. LIAT is set to expand rather than be made smaller should Antigua and Barbuda’s plan go forward.

Recently the government of Prime Minister Gaston Browne indicated that everything is being done to save the seven hundred jobs that Liat provides in Antigua and Barbuda.