Saturday, February 04, 2012

LIAT Survives?

Thursday, 02 February 2012 15:22

Prime Minister Dr Ralph Gonsalves says shareholder Governments of the Regional Airline LIAT have come up with a short-term plan to ensure the survival of the airline.

Prime Minister Dr. Ralph Gonsalves, Antigua and Barbuda Prime Minister Baldwin Spencer and Prime Minister of Barbados, Fruendel Stuart met in Barbados for a meeting yesterday to discuss the way forward for the airline.

Dr. Gonsalves told Members of the Media today that the shareholder governments have come up with a number of options to keep the cash strapped carrier servicing the region.

Dr. Gonsalves says the issue of fleet renewal and fleet expansion also came up for discussions.

He says that last year, the airline lost an estimated 46 million EC dollars for the year, compared with a loss of 20 million dollars the previous year.