LIAT (Antigua) is once again facing an uncertain future as there are new fractures in the delicate inter-island ownership alliance.
The government of Antigua and Barbuda, according to the Antillean Media Group, is “furious over a leaked document which detailed plans for Barbados to divest its majority share in regional airline LIAT and to take several aircraft from its fleet to form a new airline”
Under the leaked report, Barbados has given the proposed new airline a code-named “Newco” handle. This new airline, if implemented, would compete against the gutted LIAT.
Antigua Prime Minister Gaston Browne has condemned the LIAT board and its proposed plan.
LIAT is currently owned by seven Caribbean governments, with three governments being the major shareholders (73.4%). Private shareholders (10%) and employees (5.3%) own the remaining shares.
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Copyright Photo: Eurospot/AirlinersGallery.com. Barbados wants to take the new ATR 72-600s (ATR 72-212As) to form the new airline. V2-LIA (msn 1077) was delivered to LIAT on June 13, 2013.
LIAT’s current route map:
Video: A view from a DHC-8-300 cockpit: