CABINET NOTES;
Cabinet is giving thought to providing 32% of severance liability to former LIAT (1974 Ltd) staff members in an effort to settle its moral obligation to the former staff members.
The Government of Antigua and Barbuda owned a 32% share in LIAT (1974 Ltd) and cannot reasonably be expected to bear a bigger share of the burden than it may be legally required to contribute, had the airline owned assets sufficient to meet its debts obligations. It is estimated it will cost about ECD10 million.