{"id":257010,"date":"2020-10-09T13:47:29","date_gmt":"2020-10-09T17:47:29","guid":{"rendered":"https:\/\/dominicanewsonline.com\/news\/?p=257010"},"modified":"2020-10-09T13:47:29","modified_gmt":"2020-10-09T17:47:29","slug":"liat-could-return-to-the-skies-soon","status":"publish","type":"post","link":"https:\/\/dominicanewsonline.com\/news\/homepage\/homepage-carousel\/liat-could-return-to-the-skies-soon\/","title":{"rendered":"LIAT could return to the skies soon"},"content":{"rendered":"
\"\"
LIAT Landing<\/figcaption><\/figure>\n

The Information Minister in Antigua and Barbuda, Melford Nicholas has said that he has received confirmation that LIAT could return to the skies in the \u201cnew month\u201d.<\/p>\n

While Nicholas did not give specific dates, he said it was that country\u2019s Prime Minister Gaston Browne who confirmed that LIAT will begin its rescheduled services in October.<\/p>\n

According to Nicholas, \u201cthere are still operational issues that are being worked out\u201d but the conditions are going to be in place for LIAT to take to the skies.<\/p>\n

After previously supporting recommendations for liquidation of LIAT, governments of Barbados and St Vincent have agreed to transfer their shares in the company \u201cfor the grand sum of $1 each\u201d per share to Antigua and Barbuda, as the airline moves forward with a reorganization plan that could see it back in the skies in 60 \u2013 90 days.<\/p>\n

However with a re-organization plan that calls for the injection of US$40 million, and the airline up to its ears in debt, the surrendering of the shares marks the first step in a complex journey to the revival of the 66 year old airline.<\/p>\n

LIAT has over US$100M in debt, some US$11M of which is owed to passengers from all across the Caribbean, including Guyana, and over US$80 million owed to staff.<\/p>\n

Due to successive yearly losses, LIAT was particularly hard hit by effects that COVID-19 travel restrictions has had on the airline industry since early 2020, leaving the airline sinking in debt.<\/p>\n

The governments of Barbados and St Vincent, along with those of Antigua and Dominica are the major shareholders of LIAT, which is headquartered in Antigua.<\/p>\n","protected":false},"excerpt":{"rendered":"The Information Minister in Antigua and Barbuda, Melford Nicholas has said that he has received confirmation that LIAT could return to the skies in the \u201cnew month\u201d. While Nicholas did not give specific dates, he said it was that country\u2019s…","protected":false},"author":15,"featured_media":235394,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_cbd_carousel_blocks":"[]","footnotes":""},"categories":[11,235,9],"tags":[],"class_list":["post-257010","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","category-homepage-carousel","category-news"],"acf":[],"yoast_head":"\nLIAT could return to the skies soon - Dominica News Online<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dominicanewsonline.com\/news\/homepage\/homepage-carousel\/liat-could-return-to-the-skies-soon\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LIAT could return to the skies soon - Dominica News Online\" \/>\n<meta property=\"og:description\" content=\"The Information Minister in Antigua and Barbuda, Melford Nicholas has said that he has received confirmation that LIAT could return to the skies in the \u201cnew month\u201d. 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