{"id":172136,"date":"2023-04-11T20:57:01","date_gmt":"2023-04-12T00:57:01","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=172136"},"modified":"2023-04-11T20:57:26","modified_gmt":"2023-04-12T00:57:26","slug":"antigua-airways-principals-not-in-possession-of-passports","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/antigua-airways-principals-not-in-possession-of-passports\/","title":{"rendered":"Antigua Airways principals not in possession of passports"},"content":{"rendered":"
\"\"<\/a><\/div>
\"\"<\/a><\/div>

POINTE XPRESS: Information Minister Melford Nicholas has confirmed that the government\u2019s<\/p>

\"\"<\/a><\/div>\n

transaction with Antigua Airways was incomplete, and as such no Citizenship by<\/p>\n

Investment Programme (CIP) files (passports) were given to the principals of the<\/p>

\"\"<\/a><\/div>
\"\"<\/a><\/div>\n

airline.<\/p>

\"\"<\/a><\/div>\n

 <\/p>\n

Ten (10) Antiguan and Barbudan Passports were to be given to the airline\u2019s<\/p>

\"\"<\/a><\/div>\n

financiers that would have represented a 20% stake in the carrier for the<\/p>\n

government of Antigua and Barbuda, once final arrangements were completed for<\/p>

\"\"<\/a><\/div>\n

it to operate commercially.<\/p>

\"\"<\/a><\/div>\n

 <\/p>\n

The Cabinet spokesman told reporters on Thursday, that the suspension of<\/p>\n

operations while still in the charter stage, meant the Citizenship by Investment files<\/p>\n

were not given to the Africans.<\/p>\n

 <\/p>\n

\u201cThe option, once the airline was established for Antigua to retain an equity<\/p>\n

position, the route of utilising the funding through the CIP, would have been the<\/p>\n

method of acquiring those shares. Neither option took place. Neither did the<\/p>\n

government subscribe, because the airline was not effectively established, nor that<\/p>\n

the files were made available to Marvelous Mike.\u201d<\/p>\n

 <\/p>\n

The non-compliance of several regulatory requirements resulted in the government<\/p>\n

suspending charter service between Nigeria and Antigua and Barbuda that was<\/p>\n

inaugurated in November 2022.<\/p>\n

 <\/p>\n

Minister Nicholas pointed out that the transaction would have been completed once<\/p>\n

the carrier was fully established. However, the prevailing circumstances mean<\/p>\n

government has retained the 10 CIP files.<\/p>\n

 <\/p>\n

\u201cI want to reassure you and the public that there has been no loss. Antigua had<\/p>\n

never subscribed. The option was available to the Government of Antigua and<\/p>\n

Barbuda once the airline was established.<\/p>\n

 <\/p>\n

This venture of Antigua Airways utilising the charter means as a precursor to the full establishment of the airline, was I think, what the PM was referring to and with the adverse publicity that has come with that particular venture, it is clear that that airline proposition would no longer be feasible. So, there is no loss here to the government and people of<\/p>\n

Antigua and Barbuda,\u201d Minister Melford Nicholas assured.<\/p>\n

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

POINTE XPRESS: Information Minister Melford Nicholas has confirmed that the government\u2019s transaction with Antigua Airways was incomplete, and as such no Citizenship by Investment Programme (CIP) files (passports) were given to the principals of the airline.   Ten (10) Antiguan and Barbudan Passports were to be given to the airline\u2019s financiers that would have represented […]<\/p>\n","protected":false},"author":3,"featured_media":172137,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-172136","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nAntigua Airways principals not in possession of passports - 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\/antigua-airways-principals-not-in-possession-of-passports\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Antigua Airways principals not in possession of passports\" \/>\n<meta property=\"og:description\" content=\"POINTE XPRESS: Information Minister Melford Nicholas has confirmed that the government\u2019s transaction with Antigua Airways was incomplete, and as such no Citizenship by Investment Programme (CIP) files (passports) were given to the principals of the airline.   Ten (10) Antiguan and Barbudan Passports were to be given to the airline\u2019s financiers that would have represented […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/antiguanewsroom.com\/antigua-airways-principals-not-in-possession-of-passports\/\" \/>\n<meta property=\"og:site_name\" content=\"Antigua News Room\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/antiguanewsroom\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-12T00:57:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-12T00:57:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mlavawteztbj.i.optimole.com\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2023\/04\/AA.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"2048\" \/>\n\t<meta property=\"og:image:height\" content=\"1365\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Editor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@AntiguaNewsRoom\" \/>\n<meta name=\"twitter:site\" content=\"@AntiguaNewsRoom\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Editor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/antiguanewsroom.com\/antigua-airways-principals-not-in-possession-of-passports\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/antiguanewsroom.com\/antigua-airways-principals-not-in-possession-of-passports\/\"},\"author\":{\"name\":\"Editor\",\"@id\":\"https:\/\/antiguanewsroom.com\/#\/schema\/person\/36cac05ef6398fe56ae3e6317f8535c5\"},\"headline\":\"Antigua Airways principals not in possession of passports\",\"datePublished\":\"2023-04-12T00:57:01+00:00\",\"dateModified\":\"2023-04-12T00:57:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/antiguanewsroom.com\/antigua-airways-principals-not-in-possession-of-passports\/\"},\"wordCount\":337,\"commentCount\":25,\"publisher\":{\"@id\":\"https:\/\/antiguanewsroom.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/antiguanewsroom.com\/antigua-airways-principals-not-in-possession-of-passports\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/mlavawteztbj.i.optimole.com\/w:1620\/h:1080\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2023\/04\/AA.jpeg\",\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/antiguanewsroom.com\/antigua-airways-principals-not-in-possession-of-passports\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/antiguanewsroom.com\/antigua-airways-principals-not-in-possession-of-passports\/\",\"url\":\"https:\/\/antiguanewsroom.com\/antigua-airways-principals-not-in-possession-of-passports\/\",\"name\":\"Antigua Airways principals not in possession of passports - 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