The Government of Antigua and Barbuda is being asked to pay LIAT a sum of money to meet its debt to the Caribbean Development Bank (CDB).
The monies being requested are commensurate with this country’s shareholding. Antigua and Barbuda owns a 34 per cent stake in the regional carrier.
St Vincent owns 12 per cent of the airline; Barbados with a majority share of 51 per cent and Dominica’s with three per cent.
Antigua News Room (ANR) sought confirmation as to whether the other shareholders were also being asked to pay monies equal to their shareholding, but our efforts proved futile up to the time of this publication.
Prime Minister Gaston Browne is on record encouraging other Caribbean countries served by LIAT to purchase shares in the carrier or “to contribute to LIAT’s operations”.
Shareholders of the airline will hold a critical meeting about the company’s operations next Monday.
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Intresting that ANR cannot get confirmation from LIAT as to weather the other shareholders are to pay up as per their shareholdings. Waiting patiently to hear what the majority shareholder has to say after high jacking LIAT from Antigua. Which the former administration allowed.
I wouldn’t put a cent in Liat given the current way it’s being run.
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