CABINET NOTES – The Cabinet invited to its meeting the Development Commissioner, who has been assigned the responsibility to negotiate the terms of the final agreement between LIAT (2020) Ltd. and the principals of Air Peace, for the purpose of establishing a governing agreement between both carriers.
Arrangements are also being negotiated between LIAT (2020) Ltd. and the Administrator of LIAT (1974) Ltd. concerning the purchase of the assets of the latter.
The press throughout the English-speaking Caribbean has carried stories indicating that LIAT is a necessary development partner throughout the Caribbean and must be resuscitated.
Other states have been pursuing establishing another airline that wouldn’t compete on LIAT’s Routes; however, LIAT (2020) is more than a year ahead in its planning to replace LIAT (1974) Ltd. and is likely to outperform the competitors.
LIAT (2020) will have a total of six planes and would’ve already secured the Air Operating Certificate (AOC).
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