St. Vincent and the Grenadines with 52 departures per week will contribute US$723,711, this as the airline is in need of an immediate injection of over US $5million dollars.
Shareholder governments of the cash-strapped regional airline, LIAT, is meeting in Barbados this evening to discuss the financial crisis facing the Antigua-based airline.
Gonsalves said that countries, including the four major shareholders –Antigua and Barbuda, Barbados, Dominica and St. Vincent and the Grenadines – along with Grenada, have agreed to contribute to the US$5.4 million.
Barbados, which has the 116 weekly departures, the highest by LIAT, is being asked to contribute US$1.614 million, while Antigua and Barbuda, which has 69 departures, will contribute US$960,310.x
Dominica, is being asked to contribute US$347,938 in light of its 25 weekly flights, St. Vincent and the Grenadines with 52 departures per week will contribute US$723,711 while Grenada, which has 35 LIAT departures per week, is being asked to contribute US$487,113.
