LIAT looks to minimum revenue guarantees for viability

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The Antigua and Barbuda government says every territory to which the cash-strapped regional airline, LIAT, flies to will be asked to purchase shares in the new company as efforts continue to revitalise the embattled airline.

In a statement the Government noted that“ in the proposed new LIAT, the salaries, wages and other emoluments will take up a smaller part of its cost of operations.

“Currently, three aircraft are being utilised, as opposed to 10 aircraft before the collapse of LIAT.”

The statement further noted that “any destination requiring more flights than has been deemed necessary, would make a special payment to realize its ambition…

“A minimum revenue guarantee (MRG) would be applied in order to determine what that cost would be. Every territory to which LIAT flies will be asked to purchase shares so that the burdens and the benefits can be equitably shared.” (LOOP)

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2 COMMENTS

  1. Gaston Browne’s and the rest greedy fingers and hands must be cut off from holding on to LIAT bank account. ABLP must be treated like Velardi.

  2. Fuh do wha wid the money? Pay the American Exec, sorry, the fake American accented Exec close to 30 thousand a month while the avreage worker makes less than two thousand?

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