Regional shareholders to meet regarding cash-strapped LIAT

The shareholder governments of the financially strapped regional carrier, LIAT, will meet in Barbados at month end amid concerns of a worsening financial crisis that could probably lead to the airline being grounded.

Antigua and Barbuda Government Chief of Staff Lionel Hurst says the company’s directors will first gather in the morning and the shareholders will gather in the afternoon in Barbados.

Prime Minister of Antigua and Barbuda Gaston Browne yesterday revealed that his administration paid the money requested by the airline to meet much needed emergency funding.

The other shareholder governments of LIAT are St. Vincent and the Grenadines, Barbados and Dominica.

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