The Barbados government Tuesday night formally announced plans to sell its shares in the cash strapped regional airline, LIAT, but insisted that it was committed to regional transportation and would continue to hold minimum shares in the Antigua-based carrier.
Barbados along with Antigua and Barbuda, Dominica Grenada and St. Vincent and the Grenadines are the main shareholders of the airline that employs over 600 people and operates 491 flights weekly across 15 destinations.
Prime Minister Mia Mottley in a statement to Parliament confirmed reports that Antigua and Barbuda would be seeking to replace Barbados as the largest shareholder government by seeking to acquire the shares Bridgetown would be outing up for sale.
She said that Attorney General Dale Marshall would lead the negotiations.
“There is only so much that Barbados can responsibly do at this time given our current circumstances and our current position on the journey which I referred to just now,” she said, having earlier made reference to the island’s multi-million dollar agreement with the International Monetary Fund (IMF) to…
