Government Discusses Acquiring Barbados Shares in LIAT

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Thursday 25th April, 2019-The Government of Antigua and Barbuda is giving consideration to purchasing the shares of LIAT currently held by Barbados.

The acquisition will come about only if the Mia Mottley administration decides it can no longer fund the ailing carrier.

Chief of Staff in the Office of the Prime Minister, Ambassador Lionel ‘Max’ Hurst told reporters during Thursday’s post cabinet press briefing that was one of several plans the government has held discussions on.

Barbados controls the largest amount of shares in LIAT. Other shareholding governments include Antigua and Barbuda, Dominica and Saint Vincent and the Grenadines.

A meeting on the regional carrier’s future is to be held next week, amidst predictions that its decades of service to the region is coming to an end. LIAT is plagued with major financial issues, and despite an appeal from key regional heads for assistance from other countries the airline serves, there hasn’t been much progress.

For Antigua and Barbuda, LIAT’s continued service is of major importance.