Following a recent shareholders meeting, Prime minister Gaston Browne is quoted as saying that consensus has been reached on LIAT.
“We have a general consensus on the way forward,” Browne reportedly said.
He said that consensis “will result in the recapitalization of LIAT as well as the restructuring of LIAT to place it on a path of sustainability.”
However, Browne said, “I’m not in a position to give the details at this point, but to say that the issues that we’ve had, there has been some convergence and there’s now a consensus and a way forward.”
In November, the GOAB secured a loan from Venezuelan Bank, BANCO ALBA, for US $15.8 million as it expected to use most of the acquired financing to become the largest shareholder of the regional carrier.