The three LIAT planes that were flown to Grenada because to the weather disturbance last week are returning too Antigua as soon as today.
They were flown to Grenada safekeeping and will return to the airline’s hangar at the V. C. Bird International Airport today.
The planes were to remain in Grenada only until the storm passed. Upon their return, the planes will remain in Antigua until they are sold as part of LIAT’s reorganization plan.
The proceeds from the sale will help amortize outstanding loans owed to the Caribbean Development Bank by the three main shareholders of LIAT; Barbados, Antigua and Barbuda and St. Vincent and the Grenadines.
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When were the 7 (i think) leased aircraft returned to lessors?
This article appears to reference only the 3 CDB loan purchased aircraft.
Thought there were four major shareholders? Is Dominica no longer a shareholder?
Ignorant arrogance AND arrogant ignorance! Stalemate.
Why weren’t they flown to Barbados where there is way more aviation infrastructure than Grenada? What Gasbag Browne afraid of? DWL..
LIAT cannot service the CDB loan for the planes. So CDB might soon send the repo guys to pick them up. When will PM Brown understand that LIAT IS dead. All the other shareholders are basically saying enough is enough and have put a lock on their treasuries as far as LIAT is concerned.
POINT, please allow me to make this point…. Do you know of another regional airline in close proximity to you with reasonable costs to fly the our neighbouring islands? Do you remember when you could buy an island hop ticket to islands of your choice.
Fact is, we are badly in need of an airline for our region, and if there’s one already established but just need to be properly managed, don’t you think that’s the most economical way to move farward?
Hypothetical: if there’s a piece of land with a built foundation that’s purchased at a reasonable cost, wouldn’t it be economically feasible to build something on that foundation rather than starting from scratch?
It is critical that we become a part of the solution rather than to scrutinise the problem. It will never help our country.
In reply to “Uncertainty” above; sometimes counter-productive management practices become so entrenched that there comes a time where we just have to let go of the entity. The challenge for some is recignizing when that time has come.
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