The Government of St. Kitts and Nevis has made a decision to cancel the $11 million debt owed to the Federation by LIAT, the Caribbean Airline.
Prime Minister, Dr the Honourable Timothy Harris, said that the debt relief was made following a request by the liquidator. According to its Facebook Page, LIAT is currently under administration and is being restructured following a decision by the Government of Antigua and Barbuda to reorganize the airline.
Prime Minister Harris said that the decision considered the “ill health” of the regional carrier. He added that it also reaffirms St. Kitts and Nevis’ commitment to regional integration and regional travel.
“We accept that LIAT is the largest carrier supporting intraregional travel and without LIAT there is a major void that has a significant impact on the ease of movement of citizens, residents, and visitors to the region,” Dr. Harris said at his monthly press conference at the NEMA Conference Room on December 1, 2020. “Mindful of the challenges that LIAT has faced, we believe that we must take this position in the best interest of the people of St. Kitts and Nevis and the region as a whole.”
The regional carrier returned to the air on a reduced commercial schedule on Monday (November 30, 2020). It will operate flights to and from the Robert L. Bradshaw International Airport in St. Kitts on Saturdays only in the initial phase.
Here they go again cancelling LIAT debt. That’s the problem they have done it before yet LIAT keeps having problems. LIAT has no incentive to improve or do better if they keep getting bailed out by taxpayers. Dominican taxpayers will soon get the SHAFT when yours truly the honorable double doctor does it too. There needs to be a serious audit by outside groups to find out where the LIAT money is going.
Silly backwards caribbean politicians and the fools who support their backwards ideology…
“All debts ARE paid, either by the debtor or the creditor.”
No such thing as debt forgiveness…. money does not dissappear into thin air.