Antiguan prime minister, Gaston Browne, has wished LIAT can be liquidated following years of monetary losses.
The regional airline is predicted to get replaced by a brand new, “leaner” provider.
Addressing native radio, Browne stated: “Covid-19 has elevated losses exponentially.
“You’d have discovered that since Covid-19, the planes have been grounded, they should pay the lease funds and they aren’t getting any income.
“A call must be made to break down it after which possibly the international locations throughout the area must come collectively to kind a brand new entity.”
The prime minister stated there can be a gathering of all shareholders shortly.
He added that he hoped the brand new entity may safe a mix of private and non-private capital.
Leeward Island Air Transport was established in 1956 on the island of Montserrat, earlier than Court docket Line Aviation of the UK acquired management and renamed the airline LIAT in 1971.
Possession of the airline was acquired by 11 Caribbean governments three years later.
Business passenger companies at LIAT are at the moment suspended till at the least July 15th.
Chief govt, Julie Reifer-Jones, just lately stated, whereas territories have begun to announce reopening dates, prolonged quarantine restrictions are impacting the demand for journey.
LIAT operates a fleet of ATR 42 and ATR 72 plane throughout a regional community of 15 locations.
It’s owned by regional shareholders, with the bulk being the governments of Barbados, Antigua & Barbuda and St. Vincent & the Grenadines.
Picture: Markus Mainka/DPA/PA Pictures
