{"id":288638,"date":"2022-08-08T09:53:54","date_gmt":"2022-08-08T13:53:54","guid":{"rendered":"https:\/\/dominicanewsonline.com\/news\/?p=288638"},"modified":"2022-08-08T11:05:26","modified_gmt":"2022-08-08T15:05:26","slug":"liat-shareholders-agree-to-liquidate-liat-1974-ltd","status":"publish","type":"post","link":"https:\/\/dominicanewsonline.com\/news\/homepage\/homepage-carousel\/liat-shareholders-agree-to-liquidate-liat-1974-ltd\/","title":{"rendered":"LIAT shareholders agree to liquidate LIAT 1974 Ltd"},"content":{"rendered":"<p>&nbsp;<\/p>\n<figure id=\"attachment_246422\" aria-describedby=\"caption-attachment-246422\" style=\"width: 640px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-246422\" src=\"https:\/\/dominicanewsonline.com\/news\/wp-content\/uploads\/2020\/03\/LIAT-passengers1-642x349.jpg\" alt=\"\" width=\"640\" height=\"348\" srcset=\"https:\/\/dominicanewsonline.com\/news\/wp-content\/uploads\/2020\/03\/LIAT-passengers1-642x349.jpg 642w, https:\/\/dominicanewsonline.com\/news\/wp-content\/uploads\/2020\/03\/LIAT-passengers1-300x163.jpg 300w, https:\/\/dominicanewsonline.com\/news\/wp-content\/uploads\/2020\/03\/LIAT-passengers1-640x347.jpg 640w, https:\/\/dominicanewsonline.com\/news\/wp-content\/uploads\/2020\/03\/LIAT-passengers1.jpg 700w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><figcaption id=\"caption-attachment-246422\" class=\"wp-caption-text\">Passengers boarding a LIAT aircraft<\/figcaption><\/figure>\n<p>Dominica and the three other shareholder governments of LIAT have taken a collective decision to liquidate the airline, following what has been described as a fruitful virtual meeting.<\/p>\n<p>The prime ministers of Dominica, Antigua and Barbuda, Barbados and St Vincent and the Grenadines, planned the meeting to agree on a revamped LIAT (1974) or create a new airline.<\/p>\n<p>\u201cCommitments were given in support of a new, efficient, and expanded LIAT 2020 instead, which heads believe will satisfy the immediate regional travel demand,\u201d Antigua and Barbuda\u2019s Prime Minister Gaston Browne said.<\/p>\n<p>He told reporters in St Johns that participants also agreed to engage the services of an aviation consultancy firm \u2013 as had been previously touted \u2013 to develop a long-term plan to ensure the sustainability of LIAT and the provision of affordable air transportation. Reports are that a consultant has already been appointed.<strong>\u00a0<\/strong><\/p>\n<p>Browne said further that the shareholder governments also agreed that\u00a0LIAT is considered a public and social good that contributes significantly to regional connectivity and makes a net positive economic contribution to Caribbean economies.<\/p>\n<p>\u201cThis will necessitate a reduction in regional travel taxes to reduce the costs of operations for airlines in the region,\u201d, according to Browne.<\/p>\n<p>Meanwhile, the vexing issue of the millions in severance pay owed to former LIAT workers was reportedly not on the agenda.<\/p>\n<p>The workers, through their unions, have been agitating for the monies owed to them after the airline took a nosedive during the Coronavirus pandemic<\/p>\n<p>The twin island nation has made a compassionate payment offer to ex-workers, St Vincent and the Grenadines have not yet said whether they would help ease the burdens of these workers. Barbados has not said much either<\/p>\n<p>Legally, these governments are not obligated to pay the severance.<\/p>\n<p>Meanwhile plans to establish \u201cLIAT 2020\u201d as the solution to regional travel woes continue to attract support, which is especially vital after the decision this week to liquidate the long-suffering \u201cLIAT 1974 Ltd\u201d.<\/p>\n<p>Grenadian Prime Minister Dickon Mitchell, said that his government is already assessing the possibility of reintroducing LIAT \u2013 through its new operations \u2013 as the country\u2019s main bridge to the rest of the region.<\/p>\n<p>Several countries in the sub region, including St Kitts &amp; Nevis and St Lucia, have been voicing their frustrations with the lack of adequate air transport, and the prohibitive cost of travel as a result.<\/p>\n<p>According to Mitchell, where his country is concerned, these are even more reasons to look into LIAT and other solutions.<\/p>\n","protected":false},"excerpt":{"rendered":"&nbsp; Dominica and the three other shareholder governments of LIAT have taken a collective decision to liquidate the airline, following what has been described as a fruitful virtual meeting. The prime ministers of Dominica, Antigua and Barbuda, Barbados and St&#8230;","protected":false},"author":15,"featured_media":246422,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_cbd_carousel_blocks":"[]","footnotes":""},"categories":[272,235,9],"tags":[],"class_list":["post-288638","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aviation","category-homepage-carousel","category-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>LIAT shareholders agree to liquidate LIAT 1974 Ltd - 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-shareholders-agree-to-liquidate-liat-1974-ltd\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LIAT shareholders agree to liquidate LIAT 1974 Ltd - Dominica News Online\" \/>\n<meta property=\"og:description\" content=\"&nbsp; Dominica and the three other shareholder governments of LIAT have taken a collective decision to liquidate the airline, following what has been described as a fruitful virtual meeting. 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