Bad to worse

Regional cash-strapped airline LIAT may be on the verge of collapse, again.

With negotiations between majority shareholder Barbados and Antigua and Barbuda having completely broken down, there are suggestions that only a miracle will prevent the cash-strapped airline’s operations from crashing.  It would, however, not be the first time the airline has looked set to be permanently grounded, as back in April Chairman of LIAT shareholders Dr. Ralph Gonsalves had expressed fears that its closure was “imminent”.

Labour sources close to Government told Barbados TODAY they had recently been informed that the situation regarding LIAT had gone from “bad to worse”.

The source explained that during the recent negotiations between Barbados and Antigua, held over three months, the other shareholder governments made no financial contribution to the airline’s upkeep, as they expected a decision to be reached. Read More….

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