Government Turns Down Revenue Guarantee Request from Virgin Atlantic

The Government ‘s Chief of Staff Has announced that Antigua and Barbuda rcently denied a request from Virgin Atlantic for a minimum revenue guarantee.

Mr Lionel ‘Max’ Hurst said that theMinimum revenue guarantee includes the government assuming a portion of the traffic risk to guarantee a minimum level of revenue and profitability to the airline“We had been approached by Virgin Atlantic but theirs was just so outrageous that we could not agree to it,” Hurst indicated while appearing on Observer Radio on Monday morning.

“I think they were making the same demands of other Caribbean countries.

“At one point I believe that American Airlines had made such a request,” Hurst added.

He said the only airline “that we know that we have provided support for is LIAT.”https://googleads.g.doubleclick.net/pagead/ads?client=ca-pub-3811931323692403&output=html&h=280&adk=4197137761&adf=891732697&w=696&fwrn=4&fwrnh=100&lmt=1598888494&num_ads=1&rafmt=1&armr=3&sem=mc&pwprc=8543096361&psa=1&guci=2.2.0.0.2.2.0.0&ad_type=text_image&format=696×280&url=https%3A%2F%2Fantiguanewsroom.com%2Fantigua-says-no-to-virgin-atlantic-after-request-for-outrageous-revenue-guarantee%2F&flash=0&fwr=0&pra=3&rh=174&rw=695&rpe=1&resp_fmts=3&wgl=1&fa=27&adsid=NT&dt=1598889913209&bpp=1&bdt=579&idt=1&shv=r20200826&cbv=r20190131&ptt=9&saldr=aa&abxe=1&cookie=ID%3D5f781fea6dea8f0c%3AT%3D1592950788%3AS%3DALNI_MbWu89Deve2Kasq2F1PxCTvjRxdvA&prev_fmts=0x0%2C696x280&nras=3&correlator=5086968264780&frm=20&pv=1&ga_vid=681437858.1592950768&ga_sid=1598889913&ga_hid=1755474519&ga_fc=0&iag=0&icsg=34539020540&dssz=25&mdo=0&mso=0&u_tz=-240&u_his=3&u_java=0&u_h=864&u_w=1536&u_ah=832&u_aw=1536&u_cd=24&u_nplug=3&u_nmime=4&adx=446&ady=2047&biw=1215&bih=572&scr_x=0&scr_y=0&eid=42530621%2C44723321%2C21066533&oid=3&pvsid=1882983953686495&pem=673&ref=https%3A%2F%2Fantiguanewsroom.com%2F&rx=0&eae=0&fc=1408&brdim=0%2C0%2C0%2C0%2C1536%2C0%2C1536%2C832%2C1229%2C571&vis=1&rsz=%7C%7Cs%7C&abl=NS&fu=8320&bc=31&jar=2020-08-31-15&ifi=2&uci=a!2&btvi=2&fsb=1&xpc=Jmk0mKEars&p=https%3A//antiguanewsroom.com&dtd=28

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