LIAT’s administrator is considering proposals for private and government investment in LIAT, Prime Minister Gaston Browne has said.
“There are several proposals on the table from private entities. There is one entity that has offered a US$25 million investment for 51 per cent of the shares,” the Prime Minister told Pointe Fm.
“There’s another regional airline that has offered to invest about US$25 million and a few planes for about 60 per cent of the shares in LIAT.
“And there are at least three governments that have shown some interest in investing in LIAT, so there are some prospects that the Administrator is pursuing. And we believe that ultimately, on the basis that the Administrator is successful in getting the cooperation of creditors, that LIAT will be organized and be back in the air to take its pole position, to continue to be the number one carrier within the Caribbean region,” Browne added.
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