Tag Archives: V2-LIA

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/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 aircraft slide show:

LIAT’s current route map:

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

LIAT to downsize its fleet in 2015, possible staff cuts

LIAT – The Caribbean Airline (Antigua) has issued this statement about the reduction of its fleet from 11 aircraft to nine and possible staff cuts:

LIAT is about to embark on its annual budget planning exercise and to put in place its operational plans for 2015.

As a result of the airline’s fleet transition program, LIAT will be a smaller airline in 2015 than in 2014, operating a fleet of nine aircraft as opposed to 11 in 2014.

LIAT Chief Executive Officer David Evans said: “Like any responsible business we have to examine our cost base and if we fly fewer aircraft in 2015 than in 2014, we also need to reduce our costs to reflect this. We have also been mandated by our Board of Directors to ensure that our costs reflect the level of activity that we carry out. It is too early to say what impact there may be on jobs as a result of this, and the company will consult with its staff and their representatives over its plans before making any announcement.”

LIAT, The Caribbean Airline, operates a modern fleet of ATR 42 and ATR 72 aircraft across a regional network of 18 destinations. It is owned by regional shareholders, with the majority being the Governments of Barbados, Antigua & Barbuda and St. Vincent & the Grenadines.

Copyright Photo: Raul Sepulveda/AirlinersGallery.com. ATR 72-212A (ATR 72-600) V2-LIA (msn 1077) stops at San Juan, Puerto Rico.

LIAT Aircraft Slide Show:

http://airlinersgallery.smugmug.com/Airlines-Caribbean/Airlines-Caribbean-AZ/LIAT