Prime Minister Gaston Browne is hoping for a seamless swap to LIAT 2020 Restricted when LIAT 1974 Restricted ceases operations on January 24.
Talking on his weekly radio program on Saturday, Browne stated his administration is ready on the opposite LIAT 1974 Restricted shareholder governments to ship no objection letters to the Caribbean Growth Financial institution (CDB) to authorise Antigua and Barbuda’s buy of at the very least one plane for LIAT 2020.
Browne stated Antigua and Barbuda is hoping to buy LIAT’s three plane from the CDB “at industrial worth”.
“If all goes effectively and the respective prime ministers and their governments act with some urgency … on the premise that these letters exit by early subsequent week, we count on to finish the sale of the primary aircraft for LIAT 2020 and in a matter of weeks we are able to get the EOC,” he stated.
“What we are attempting to do right here is to wind up 1974 by the top of the month and to start out 2020 concurrently.”
Browne stated nearly all of LIAT 1974’s workers will likely be rehired on the new firm.
LIAT 2020 will likely be a three way partnership between the governments of Antigua & Barbuda, Dominica, Barbados, and St Vincent and the Grenadine and Nigerian airline Air Peace.
Air Peace is predicted to carry a majority stake in LIAT.
LIAT 1974 Restricted has been underneath Administration since twenty fourth July 2020 when it declared chapter. Since restarting operations in November 2020, LIAT has supplied a restricted schedule to locations together with Antigua, Barbados, the British Virgin Islands, St Maarten and Dominica.
Cleveland Seaforth of BDO Japanese Caribbean is the cash-strapped airline’s court-appointed administrator.
In a letter final week, Seafort knowledgeable the Antigua-based airline’s workers that the corporate will wind up its operations earlier than month’s finish.
Seaforth wrote “after cautious consideration and analysis of the current operations, a choice has been taken by the court-appointed Administrator to completely stop all industrial flying operations as of the shut of enterprise on January 24, 2024.
“On account of the foregoing, you might be hereby notified that your employment with LIAT (1974) Restricted (in administration) will likely be made redundant efficient February 4, 2024.”
Over 90 members of workers are anticipated to be impacted by the corporate’s closure.
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