ST. JOHN’S, Antigua, Jul 19, CMC -The Antigua and Barbuda government says it remains confident that the new regional airline, LIAT 2020 will begin commercial operations early next month.
But the government says it is still awaiting a response from the Barbados-based Caribbean Developent Bank (CDB) regarding its call for the bank and regional shareholder governments in the bankrupt airline to relinquish their interest in an escrow fund and use the finance to meet the severance payments owed to the former employees.
The shareholder governments of the former airline are Antigua and Barbuda, Barbados, Dominica and St. Vincent and the Grenadines
A statement issues following the weekly Cabinet meeting, noted that the ministers “held a very brief discussion on LIAT (2020) and the possible startup date for its re-commencement of commercial flights.
“Although a precise date has not yet been decided, the Cabinet is confident LIAT will take to the skies in early August 2024,” the statement said.
(Details in Business section)
CMC/2024