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By Melanius Alphonse
Caribbean News Now associate managing editor
melanius@caribbeannewsnow.com
ST JOHNS, Antigua โ LIATโs shareholdersโ meeting last Tuesday faced a series of options in consideration over the worst financial crisis of its existence. Airline executives, governments and potential investors were in extensive discussions on business models, LIATโs social and economic viability and air transportation in the wider region.
LIATโs contribution to regional transport and the regionโs economic viablyย areย of significant concern to governments and business interest, notwithstanding the assertion by Saint Luciaโs prime minister that โThere are other airlines and if in fact, LIAT were to shut its doors, others would be willing to step in. Maybe thatโs what we need. We need a fresh start.โ
Antigua and Barbuda Prime Minister, Gaston Browne tabled a strategic approach on LIAT and pledged his government โto resist any collapse of LIAT and any move to recreate its replacement.โ
Regionalism, economic viability in the public interest, a public/private partnership, including a shareholder buy-out option formed part of Browneโs strategic approach to safeguard regional transport.
However, the future direction of the airline forging greater alliances while serving the wider Caribbean will mean a significant shift in how LIAT currently conducts business, having to re-examine its fleet of aircraft, reconfiguration of routes, cost of regional air travel, taxes, regulatory amendment, and a minimum revenue guarantee model.
Chief of staff in the office of the Antigua and Barbuda prime minister, Lionel โMaxโ Hurst, said plans being developed included โinterest by Sir Richard Branson of Virgin Records as a potential investor, while extended routes, a plan that was proposed by LIAT several years ago when it began considering purchasing jets with…
By Melanius Alphonse
Caribbean News Now associate managing editor
melanius@caribbeannewsnow.com
ST JOHNS, Antigua โ LIATโs shareholdersโ meeting last Tuesday faced a series of options in consideration over the worst financial crisis of its existence. Airline executives, governments and potential investors were in extensive discussions on business models, LIATโs social and economic viability and air transportation in the wider region.
LIATโs contribution to regional transport and the regionโs economic viablyย areย of significant concern to governments and business interest, notwithstanding the assertion by Saint Luciaโs prime minister that โThere are other airlines and if in fact, LIAT were to shut its doors, others would be willing to step in. Maybe thatโs what we need. We need a fresh start.โ
Antigua and Barbuda Prime Minister, Gaston Browne tabled a strategic approach on LIAT and pledged his government โto resist any collapse of LIAT and any move to recreate its replacement.โ
Regionalism, economic viability in the public interest, a public/private partnership, including a shareholder buy-out option formed part of Browneโs strategic approach to safeguard regional transport.
However, the future direction of the airline forging greater alliances while serving the wider Caribbean will mean a significant shift in how LIAT currently conducts business, having to re-examine its fleet of aircraft, reconfiguration of routes, cost of regional air travel, taxes, regulatory amendment, and a minimum revenue guarantee model.
Chief of staff in the office of the Antigua and Barbuda prime minister, Lionel โMaxโ Hurst, said plans being developed included โinterest by Sir Richard Branson of Virgin Records as a potential investor, while extended routes, a plan that was proposed by LIAT several years ago when it began considering purchasing jets with…
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It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for ‘lorem ipsum’ will uncover many web sites still in their infancy.
The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making
The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for ‘lorem ipsum’ will uncover many web sites still in their infancy.
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