{"id":24807,"date":"2019-03-08T12:43:22","date_gmt":"2019-03-08T16:43:22","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=24807"},"modified":"2019-03-08T12:43:24","modified_gmt":"2019-03-08T16:43:24","slug":"st-vincent-to-hold-prime-ministerial-meeting-on-liat","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/st-vincent-to-hold-prime-ministerial-meeting-on-liat\/","title":{"rendered":"St. Vincent to hold \u201cprime ministerial meeting\u201d on LIAT"},"content":{"rendered":"
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Heads of government from five Caribbean countries are expected to attend a meeting on the regional airline, LIAT, to be held in St. Vincent and the Grenadines on Saturday.<\/p>

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A government statement here said that the Cabinet had discussed the upcoming \u201cPrime Ministerial meeting\u201d regarding funding alternatives \u201cto ensure that the regional carrier continues to serve the Caribbean well\u201d.<\/p>\n\n\n\n

LIAT major shareholders are Antigua and Barbuda, Barbados, Dominica and St. Vincent ad the Grenadines and last week, LIAT\u2019s chief executive officer, Mrs. Julie Reifer-Jones, acknowledged that while the airline is facing severe financial problems, it would continue flying through the region with support from its principal shareholders.<\/p>

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LIAT currently operates 491 flights weekly across its network of 15 destinations.<\/p>

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Prime Minister Gaston Browne said that the issue facing LIAT had been discussed at the Caribbean Community (CARICOM) inter-sessional summit held in St. Kitts last month.<\/p>\n\n\n\n

\u201cThe Caribbean Development Bank did a study some time last year in which they concluded that the most expensive option to pursue is to allow LIAT to collapse because we would have to form a new entity. That is just more expensive than having a restructuring of LIAT,\u201d Browne said.<\/p>

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According to the statement issued after the Cabinet meeting, \u201cthe states which enjoy services from LIAT, but are not owners of LIAT\u2019s shares, are likely to be asked by the four contributing\/ownership states to purchase shares in LIAT, or to make a financial contribution, or to enter into a minimum revenue guarantee for LIAT flights which enter into their countries.<\/p>\n\n\n\n

\u201cThe request will go out to Guyana, Trinidad, Grenada, St. Lucia and St. Kitts\/Nevis; their Heads of Government are expected to attend the meeting on Saturday, March 9, 2019,\u201d the statement noted.<\/p>

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It said that the meeting in St. Vincent \u201cis expected to delve deeper into the circumstances of LIAT\u2019s financial needs\u201d than had been discussed during the CARICOM Inter-sessional summit.<\/p>

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The meeting will also be attended by LIAT\u2019s executive managers.<\/p>\n

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

Heads of government from five Caribbean countries are expected to attend a meeting on the regional airline, LIAT, to be held in St. Vincent and the Grenadines on Saturday. A government statement here said that the Cabinet had discussed the upcoming \u201cPrime Ministerial meeting\u201d regarding funding alternatives \u201cto ensure that the regional carrier continues to […]<\/p>\n","protected":false},"author":3,"featured_media":2156,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-24807","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nSt. Vincent to hold \u201cprime ministerial meeting\u201d on 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\/st-vincent-to-hold-prime-ministerial-meeting-on-liat\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"St. Vincent to hold \u201cprime ministerial meeting\u201d on LIAT\" \/>\n<meta property=\"og:description\" content=\"Heads of government from five Caribbean countries are expected to attend a meeting on the regional airline, LIAT, to be held in St. Vincent and the Grenadines on Saturday. 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