A delegation representing Antigua & Barbuda lately launched into a diplomatic mission to Barbados, partaking in discussions with key aviation and authorities officers.
This go to comes as Prime Minister Gaston Browne expresses a dedication to foster collaboration between Bridgetown and St. John’s, geared toward supporting the air bridge connection between Africa and the Caribbean.
Partnership settlement with Air Peace marks a big step
Throughout their talks, Prime Minister Browne revealed a groundbreaking settlement that indicators a significant milestone within the area’s aviation panorama.
This settlement, reached with Africa’s largest non-public provider, Air Peace, is about to spice up investments in LIAT 2020 Restricted.
Air Peace: The brand new lifeline for LIAT
Below the phrases of the settlement, Air Peace will assume a number one position as the first funding supply for LIAT.
This entails the acquisition of a considerable 70 per cent stake within the airline, successfully making Air Peace the bulk shareholder.
Antigua and Barbuda, however, will retain 30 per cent possession, reflecting the nation’s continued dedication to the provider’s success.
