{"id":193495,"date":"2024-01-08T09:39:47","date_gmt":"2024-01-08T13:39:47","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=193495"},"modified":"2024-01-08T09:39:47","modified_gmt":"2024-01-08T13:39:47","slug":"antigua-pm-eyes-seamless-shift-as-liat-1974-hands-over-to-liat-2020","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/antigua-pm-eyes-seamless-shift-as-liat-1974-hands-over-to-liat-2020\/","title":{"rendered":"Antigua PM eyes seamless shift as LIAT 1974 hands over to LIAT 2020"},"content":{"rendered":"
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LOOP: Prime Minister Gaston Browne is hoping for a seamless switch to LIAT 2020 Limited when LIAT 1974 Limited ceases operations on January 24.<\/p>

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Speaking on his weekly radio program on Saturday, Browne said his administration is waiting on the other LIAT 1974 Limited shareholder governments to send no objection letters to the Caribbean Development Bank (CDB) to authorise Antigua and Barbuda\u2019s purchase of at least one aircraft for LIAT 2020.<\/p>\n

Browne said Antigua and Barbuda is hoping to purchase LIAT\u2019s three aircraft from the CDB \u201cat commercial value\u201d.<\/p>

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\u201cIf all goes well and the respective prime ministers and their governments act with some urgency\u2026on the basis that those letters go out by early next week, we expect to complete the sale of the first plane for LIAT 2020 and in a matter of weeks we can get the EOC,\u201d he said.<\/p>\n

\u201cWhat we are trying to do here is to wind up 1974 by the end of the month and to start 2020 concurrently.\u201d<\/p>

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Browne said the majority of LIAT 1974\u2019s staff will be rehired at the new company.<\/p>\n

LIAT 2020 will be a joint venture between the governments of Antigua & Barbuda, Dominica, Barbados, and St Vincent and the Grenadine and Nigerian airline Air Peace.<\/p>

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Air Peace is expected to hold a majority stake in LIAT.<\/p>

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LIAT 1974 Limited has been under Administration since 24th July 2020 when it declared bankruptcy. Since restarting operations in November 2020, LIAT has offered a limited schedule to destinations including Antigua, Barbados, the British Virgin Islands, St Maarten and Dominica.<\/p>\n

Cleveland Seaforth of BDO Eastern Caribbean is the cash-strapped airline\u2019s court-appointed administrator.<\/p>\n

In a letter last week,\u00a0Seafort informed the Antigua-based airline\u2019s staff that the company will wind up its operations before month\u2019s end.<\/p>\n

Seaforth wrote \u201cafter careful consideration and evaluation of the present operations, a decision has been taken by the court-appointed Administrator to permanently cease all commercial flying operations as of the close of business on January 24, 2024.<\/p>\n

\u201cAs a result of the foregoing, you are hereby notified that your employment with LIAT (1974) Limited (in administration) will be made redundant effective February 4, 2024.\u201d<\/p>\n

Over 90 members of staff are expected to be impacted by the company\u2019s closure.<\/p>\n

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

LOOP: Prime Minister Gaston Browne is hoping for a seamless switch to LIAT 2020 Limited when LIAT 1974 Limited ceases operations on January 24. Speaking on his weekly radio program on Saturday, Browne said his administration is waiting on the other LIAT 1974 Limited shareholder governments to send no objection letters to the Caribbean Development […]<\/p>\n","protected":false},"author":3,"featured_media":165503,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-193495","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nAntigua PM eyes seamless shift as LIAT 1974 hands over to LIAT 2020 - Antigua News Room<\/title>\n<meta name=\"description\" content=\"Antigua PM eyes seamless shift as LIAT 1974 hands over to LIAT 2020\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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