ST. JOHN’S, Antigua, CMC – Antigua and Barbuda has made a proposal to buy the three plane owned by the Barbados-based Caribbean Improvement Financial institution (CDB) and had been utilized by the inter-regional airline, LIAT, that was dissolved late final month.
An announcement issued after the weekly cupboard assembly stated that Prime Minister Gaston Browne, throughout a Zoom assembly with CDB and representatives of the LIAT(1974) shareholders on Tuesday, provided to buy the plane.
The airline, owned by the governments of Antigua and Barbuda, Barbados, Dominica, St. Vincent, and the Grenadines, ended its present operations on January 24 this 12 months.
Beneath administration since July 24, 2020, the airline ended its operations with the court-appointed administrator, Cleveland Seafort, in a letter to workers n.
Nonetheless, he indicated that it could not be shying away from its obligations to them on severance, trip pay, retroactive pay, and any excellent salaries.
“The corporate acknowledges its obligation because it pertains to any of the [aforementioned] relevant entitlements, which will probably be offered to you underneath separate cowl inside 45 days of this letter after the respective computations have been accomplished.”
In December final 12 months, Prime Minister Browne, delivering his nation’s nationwide finances, stated the CDB would play a crucial function in solidifying the association among the many governments, including that this might set the stage for finalizing the association with Air Peace, a personal Nigerian airline based in 2013, “in order that LIAT 2020 can start operations, thereby securing a promising future for regional journey.”.
In response to the Cupboard assertion, Browne informed his colleagues “of his provide to buy the three plane which the CDB owns, and which will probably be utilized by LIAT (2020) Ltd. now that LIAT (1974) Ltd. has been dissolved”.
He didn’t point out the quantity proposed to accumulate the plane, however the assertion stated the talks have been on account of proceed this week.
“Following the consummation of the sale, the three plane will kind the premise of the fleet that may trigger LIAT 2020 to turn into a viable entity. It’s going to associate with Air Peace to supply the much-needed intra-regional and extra-regional companies to maneuver folks and cargo all through the Caribbean,” the Cupboard assertion added.
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