{"id":113796,"date":"2020-07-20T09:49:39","date_gmt":"2020-07-20T13:49:39","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=113796"},"modified":"2020-07-20T09:56:14","modified_gmt":"2020-07-20T13:56:14","slug":"dominica-open-to-antiguas-plan-to-reorganise-liat","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/dominica-open-to-antiguas-plan-to-reorganise-liat\/","title":{"rendered":"Dominica Open To Antigua’s Plan To Reorganise LIAT"},"content":{"rendered":"
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Prime Minister Roosevelt Skerrit of Dominica says he will participate in a LIAT shareholders meeting today during which Prime Minister Gaston Browne will make a case for the reorganisation of LIAT.<\/p>

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The meeting is scheduled for 5 p.m today.<\/p>\n

Skerrit told Dominicans last night that he is open to the idea of reorganisation of the airline.<\/p>

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“As we are aware the shareholders of LIAT, late last month, took a decision to liquidate the airline. In Dominica, we are currently exploring a number of options for travel for our citizens.<\/p>

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“Yet there are outstanding matters to be ironed out and a proposal is on the table to reogransise LIAT. Dominica is open to an assessment of this proposal to determine if the plan to restructure the company and restore its viability is feasible.<\/p>\n

“As I said before we recognize the important role that LIAT has played in the region since its inception but despite the challenges it has served the people of the region well. And if a reorganised LIAT can continue to provide service, we are open to this discussion.<\/p>

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“I wish to reassure you the public however, that our primary interest at this time is to identify safe and reliable transport for our citizens,” Skerrit said.<\/p>\n

Ahead of today’s meeting Prime minister Gaston Browne has shared his plan for the re-organisation of LIAT.<\/p>

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The plan dated July 13 was submitted by the government of Antigua and Barbuda for consideration by the majority\u00a0shareholder Governments of LIAT 1974\u00a0limited.<\/p>

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It outlines that the\u00a0reorganisation\u00a0of LIAT requires new\u00a0capitalisation\u00a0up to EC $108 million of which the government of Antigua and Barbuda is prepared to underwrite up to 50 per cent.<\/p>\n

It is expected that the remaining $54 million will be shared by other private\u00a0and public sector\u00a0entities including\u00a0existing shareholder governments.<\/p>\n

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A plan for the re-organisation of LIAT<\/h2>\n<\/div>\n
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Also noted was\u00a0the proposed lowering of airport taxes throughout the region, which\u00a0should result in at\u00a0least a\u00a020 per cent\u00a0increase in intraregional travel.<\/p>\n

The plan points out the\u00a0reorganisation\u00a0will preserve the value of LIAT for the airline and\u00a0its stakeholders, unlike a\u00a0disorderly liquidation and the chaos and confusion that will come with the latter.<\/p>\n

The document urges reconsideration of the proposed liquidation and adoption of\u00a0the\u00a0reorganisation\u00a0plan in the interest of\u00a0preserving safe and reliable air transportation and the integration movement.<\/p>\n

 <\/p>\n

\"\"<\/a><\/div>","protected":false},"excerpt":{"rendered":"

Prime Minister Roosevelt Skerrit of Dominica says he will participate in a LIAT shareholders meeting today during which Prime Minister Gaston Browne will make a case for the reorganisation of LIAT. The meeting is scheduled for 5 p.m today. Skerrit told Dominicans last night that he is open to the idea of reorganisation of the […]<\/p>\n","protected":false},"author":3,"featured_media":113797,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,6],"tags":[],"class_list":["post-113796","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-politics"],"yoast_head":"\nDominica Open To Antigua's Plan To Reorganise LIAT - Antigua News Room<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/antiguanewsroom.com\/dominica-open-to-antiguas-plan-to-reorganise-liat\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dominica Open To Antigua's Plan To Reorganise LIAT\" \/>\n<meta property=\"og:description\" content=\"Prime Minister Roosevelt Skerrit of Dominica says he will participate in a LIAT shareholders meeting today during which Prime Minister Gaston Browne will make a case for the reorganisation of LIAT. 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