LIAT shareholders in ‘crucial talks’

Shareholder governments of the regional airline, LIAT, began a meeting in Dominica, Tuesday with Prime Minister Roosevelt Skerrit underscoring the importance of the airline to the regional integration system.

Skerrit described the meeting as “very crucial” to the future of the airline, saying: “I intend to make it very clear at this meeting that Dominica under my leadership will play, continue to play, it’s part in the sustainability… of LIAT.”

The main shareholders of LIAT – Antigua and Barbuda, Barbados, Dominica and St Vincent and the Grenadines – have been urging other Caribbean countries to get on board to save the airline that has a network of 15 destinations.

As the meeting got underway, the St Kitts-Nevis government today announced that it would provide one million EC dollars in emergency funding to the cash-strapped airline.

In a statement, the Timothy Harris administration said that the funding follows a presentation by a three-member delegation from LIAT last month and the establishment of an advisory committee, headed by the Financial Secretary Hilary Hazel to review the proposals and make recommendations.

“The government of St Kitts and Nevis agrees in principle with the idea of participating in an MRG arrangement on the basis of further discussions and negotiations with high-level representatives of LIAT,” the statement added.Read More..

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