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Regional carrier LIAT 1974 to be liquidated

LIAT (1974) Ltd will be liquidated, its major shareholders decided at a meeting held on Tuesday, August 2, 2022, to determine the future of the iconic regional carrier. Photo: Internet Source
Antigua Prime Minister Gaston A. Browne said that the shareholder governments agreed that LIAT is considered a public and social good that contributes significantly to regional connectivity and makes a net positive economic contribution to Caribbean economies. Photo: cricketcountry.com
Antigua Prime Minister Gaston A. Browne said that the shareholder governments agreed that LIAT is considered a public and social good that contributes significantly to regional connectivity and makes a net positive economic contribution to Caribbean economies. Photo: cricketcountry.com
ST JOHN’S, Antigua- LIAT (1974) Ltd will be liquidated, its major shareholders decided at a meeting held on Tuesday, August 2, 2022, to determine the future of the iconic regional carrier.

The prime ministers of Antigua and Barbuda, Dominica, Barbados, and St Vincent and the Grenadines recently held virtual talks, aimed at agreeing to either revamp LIAT (1974) or create a new airline.

According to Antigua Observer on August 3, 2022, Prime Minister Gaston A. Browne said shareholder governments agreed that LIAT is considered a public and social good that contributes significantly to regional connectivity and makes a net positive economic contribution to Caribbean economies. 

“Commitments were given in support of a new, efficient, and expanded LIAT 2020 instead, which heads believe will satisfy the immediate regional travel demand,” Browne said.

 Participants also agreed to engage the services of an aviation consultancy firm – as had been previously touted – to develop a long-term plan to ensure the sustainability of LIAT and the provision of affordable air transportation.

Browne said this will necessitate a reduction in regional travel taxes to reduce the costs of operations for airlines in the region.

Severance pay was not discussed

However, the issue of the millions in severance pay owed to former LIAT workers was reportedly not on Tuesday’s agenda.

Hundreds of LIAT workers were terminated more than two years ago when the Covid pandemic exacerbated the airline’s long-standing financial woes by grounding it for several months. Many ex-staff have been in dire economic straits since.

A downsized version of the carrier has been operating a limited schedule since November 2020.

The [British] Virgin Islands is one of the routes.

11 Responses to “Regional carrier LIAT 1974 to be liquidated”

  • pat (05/08/2022, 13:50) Like (11) Dislike (0) Reply
    What a sad chapter
  • Liat can be successful. (05/08/2022, 15:20) Like (19) Dislike (7) Reply
    They have to get a Chinese Manager adopt the Chinese way of doing business, "cheap product plenty customers"...Instead of this Caribbean model "Expensive product" Little customers..Here is the Maths. A Plane can hold 70 passengers.. You flying with 35 passengers half full at $700.00 per ticket. That's AMT $24,500.... Now if you get 65 passengers at $425.00 per ticket that equals to $27,625...You see the maths favour cheaper prices attract more customers increase your profit and it doesn't take no extra fuel ."That's
    • Future (10/08/2022, 18:50) Like (0) Dislike (0) Reply
      You are speaking math that goes over their head. Many companies in the Caribbean cannot understand this concept. Smh... simple but for some reason can't be understood.
  • HandShake (05/08/2022, 15:43) Like (33) Dislike (2) Reply
    LIAT has served the Region well. We can all relate to the phrase "Leave Island Anytime " but all the time every time, except for the flight that crashed off St Vincent in August 1985, which claimed the life of the Hon. Hutson Tannis (SVG) and several other precious souls, each flight would have arrived mostly late but safe at it's destination.. Personally, it is with a heavy heart I now acknowledge that this great, but not perfect bird of the sky must now find a nest, a place to roost. To the many Pilots, Air Hostesses, Checking Agents, Bag Handlers, Mechanics and all others who kept us "Island hopping" safely I salute you! I know there are many frustrated moments in your lives in relation to severance pay etc. but your service to the region is priceless. The skies in the region will never be the same again without the distinct sound of Your Dash 8s or ATRs as they descend on one of the Caribben's scenic airports. Safe Final descend LIAT!!!
  • black (05/08/2022, 20:50) Like (2) Dislike (2) Reply
    Keep the politics and politicians out and it will be very successful.
  • Jump quick (06/08/2022, 00:05) Like (3) Dislike (0) Reply
    The BVI can buy out two of them
    • @Jump quick. 7 mil (06/08/2022, 11:52) Like (10) Dislike (1) Reply
      Liat has a few planes than can fly directly to Miami and back. The 7 Mil could have given us at least 2 or 3 of the Planes that are already proven that they existed and that they can fly and do fly...Now you see why we need our money back..
  • Zabat (06/08/2022, 00:49) Like (3) Dislike (1) Reply
    Let's set up a "Go Fund me" for Liat and see if that would help. You never really know till you try
  • Time and twine (06/08/2022, 07:29) Like (6) Dislike (1) Reply
    I wouldn't worry too much. They'll probably be late to their own liquidation.
  • @ Handshake. Why did it fail (06/08/2022, 10:20) Like (6) Dislike (0) Reply
    If all these things were working well as you claimed that's the perfect criteria for success,. So, why did it failed.? It a collective failure of poor services collectively along with high and unconscionable cost of tickets .


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