Can LIAT survive the latest challenge to its fragile inter-island ownership structure?

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.

Read the full report: CLICK HERE

Copyright Photo: Eurospot/ 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 aircraft slide show: AG Airline Slide Show

LIAT’s current route map:

LIAT logo (square)

LIAT 4.2015 Route Map

Video: A view from a DHC-8-300 cockpit: