{"id":205391,"date":"2024-06-27T17:05:18","date_gmt":"2024-06-27T21:05:18","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=205391"},"modified":"2024-06-27T17:05:19","modified_gmt":"2024-06-27T21:05:19","slug":"cdb-statement-on-liat-2020","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/cdb-statement-on-liat-2020\/","title":{"rendered":"CDB statement on LIAT 2020"},"content":{"rendered":"
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LIAT (1974) LIMITED AIRCRAFT SALE<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
Earlier this year, LIAT (1974) Limited ceased operating after entering administration in 2020. The company\u2019s shareholders \u2013 the governments of Antigua and Barbuda, Barbados, Dominica, and St. Vincent and the Grenadines \u2013 agreed to the sale of LIAT’s three aircraft to the Government of Antigua and Barbuda.
An Aircraft Sale Agreement, for the sale of the three aircraft over which the Caribbean Development Bank (CDB) holds mortgages, has been executed between the Administrator for LIAT (1974) (as the seller) and the Government of Antigua and Barbuda (as the buyer). 
CDB is not a party to the sale agreement. CDB\u2019s only role is to provide the necessary consent for the sale, which it has done.
Under the sale arrangement agreed to by the shareholder Governments, the Governments\u2019 approved that money from the sale should be proportionately allocated towards paying outstanding balances on the CDB loans that were initially made to the shareholder Governments to support LIAT (1974) Limited\u2019s operations. The decision about the use of the sale proceeds rests with the shareholder Governments.\ufeffCDB is not involved in the financing or any aspect of the operations of LIAT 2020. 
The Bank continues to take a strong interest in the development of regional transportation and remains a strong advocate for the development of the Caribbean’s transportation networks and infrastructure.<\/td><\/tr><\/tbody><\/table><\/figure>\n
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LIAT (1974) LIMITED AIRCRAFT SALE Earlier this year, LIAT (1974) Limited ceased operating after entering administration in 2020. The company\u2019s shareholders \u2013 the governments of Antigua and Barbuda, Barbados, Dominica, and St. Vincent and the Grenadines \u2013 agreed to the sale of LIAT’s three aircraft to the Government of Antigua and Barbuda.An Aircraft Sale Agreement, […]<\/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-205391","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nCDB statement on LIAT 2020 - 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\/cdb-statement-on-liat-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CDB statement on LIAT 2020\" \/>\n<meta property=\"og:description\" content=\"LIAT (1974) LIMITED AIRCRAFT SALE Earlier this year, LIAT (1974) Limited ceased operating after entering administration in 2020. The company\u2019s shareholders \u2013 the governments of Antigua and Barbuda, Barbados, Dominica, and St. Vincent and the Grenadines \u2013 agreed to the sale of LIAT’s three aircraft to the Government of Antigua and Barbuda.An Aircraft Sale Agreement, […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/antiguanewsroom.com\/cdb-statement-on-liat-2020\/\" \/>\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=\"2024-06-27T21:05:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-27T21:05:19+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\/2022\/12\/liat.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"642\" \/>\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\/cdb-statement-on-liat-2020\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/antiguanewsroom.com\/cdb-statement-on-liat-2020\/\"},\"author\":{\"name\":\"Editor\",\"@id\":\"https:\/\/antiguanewsroom.com\/#\/schema\/person\/36cac05ef6398fe56ae3e6317f8535c5\"},\"headline\":\"CDB statement on LIAT 2020\",\"datePublished\":\"2024-06-27T21:05:18+00:00\",\"dateModified\":\"2024-06-27T21:05:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/antiguanewsroom.com\/cdb-statement-on-liat-2020\/\"},\"wordCount\":225,\"commentCount\":12,\"publisher\":{\"@id\":\"https:\/\/antiguanewsroom.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/antiguanewsroom.com\/cdb-statement-on-liat-2020\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/mlavawteztbj.i.optimole.com\/w:1200\/h:642\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2022\/12\/liat.jpg\",\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/antiguanewsroom.com\/cdb-statement-on-liat-2020\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/antiguanewsroom.com\/cdb-statement-on-liat-2020\/\",\"url\":\"https:\/\/antiguanewsroom.com\/cdb-statement-on-liat-2020\/\",\"name\":\"CDB statement on LIAT 2020 - 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