By Melanius Alphonse
Caribbean News Now associate managing editor
[email protected]
BRIDGETOWN, Barbados – As LIAT shareholders and directors gathered for their meeting in Barbados on Tuesday, amid the regional airline’s financial and operational dilemma, chief executive officer (CEO) Julie Reifer-Jones gave the assurance [that] “LIAT is committed to connecting the region, flying to the 15 destinations across the network.”
“There are ongoing discussions with governments on the need for all the territories served by LIAT to contribute through a minimum revenue guarantee model,” she said.
“LIAT remains optimistic that the discussions would be concluded shortly” while the regional airline “continue to update its restructuring plan so that LIAT can evolve into a more efficient and sustainable company serving the region,” Reifer-Jones stated.
Ahead of the Barbados meeting, St Kitts and Nevis announced that it would provide one million dollars in emergency funding, in response to LIAT’s previous request from regional governments totalling US$5.4 million. At the time, St Kitts and Nevis contribution stood at…
