Dominica has finalized its status with regional carrier LIAT with a $3-million ‘contribution’ and will be attending a shareholders meeting set for today (Friday) in Barbados.
Speaking on state-owned DBS Radio, Prime Minister Roosevelt Skerrit said Dominica is looking at the wider benefit of LIAT to the island and the entire region.
“We see our investment in LIAT as a means of safeguarding and protecting the investments government has made in tourism,” he said.
Skerrit said he will be addressing the nation in the New Year on the extent of the government’s ‘contribution’ to the cash strapped airline.
He went on to say that Dominica will attend a shareholders meeting scheduled for Friday in Barbados. “We will be able to sit on the board and to assist the continued presence of LIAT flying into Dominica and indeed throughout the region,” he said.
The principal shareholders of LIAT has traditionally been Antigua, St. Vincent and the Grenadines and Barbados.
Recently, the airline unveiled a business plan which projects a two percent profit in 2013.