LIAT to be liquidated and new airline formed – PM Gaston Browne

“From all indication, LIAT will be liquidated,” Prime Minister Gaston Browne has just announced. The Prime Minister said there will be a meeting of all shareholders shortly to discuss collapsing LIAT. A new entity will be formed. “COVID would have actually, let’s say increased the losses exponentially, so whereas in all of 2019 LIAT made a loss of about EC$12 million, that was within the means of the shareholder governments to subsidize,” Browne said on local radio in Antigua. (stluciastar.com) Altro...