{"id":314896,"date":"2024-01-06T16:25:13","date_gmt":"2024-01-06T20:25:13","guid":{"rendered":"https:\/\/dominicanewsonline.com\/news\/?p=314896"},"modified":"2024-01-06T16:25:13","modified_gmt":"2024-01-06T20:25:13","slug":"liat-1974-to-cease-operations-on-jan-24","status":"publish","type":"post","link":"https:\/\/dominicanewsonline.com\/news\/aviation\/liat-1974-to-cease-operations-on-jan-24\/","title":{"rendered":"LIAT 1974 to cease operations on Jan. 24"},"content":{"rendered":"
\"\"
LIAT Landing<\/figcaption><\/figure>\n

LIAT (1974) Limited, a regional airline owned by the governments of Antigua and Barbuda, Barbados, Dominica, St Vincent and the Grenadines, will permanently cease all commercial flying operations from January 24, 2024.\u00a0 This decision has been taken by the court-appointed administrator, Cleveland Seaforth, after careful consideration and evaluation of the present operations.<\/p>\n

In a letter addressed to the staff of LIAT (1974) Limited (in administration) on Thursday, Seaforth stated that all employees will be made redundant, effective February 4, 2024, without any payment. However, he promised that obligations will be met. This move is expected to result in over 90 employees losing their jobs.<\/p>\n

LIAT (1974) Limited has been under administration since July 24, 2020, and had been servicing several regional destinations before it entered administration. Since then, it has scaled down its operations and is now only serving Anguilla, Antigua, Barbados, Dominica, Guyana, Grenada, Guadeloupe, Martinique, San Juan Puerto Rico, St Kitts, St Lucia, and St Maarten.<\/p>\n

Antigua and Barbuda Prime Minister Gaston Browne, during his country’s national budget presentation last month, said that his government had embraced the responsibility to restructure and resurrect LIAT, “with a vision of returning the airline to the regional skies”.<\/p>\n

Browne also mentioned that LIAT has long been an essential thread in the fabric of Caribbean connectivity.<\/p>\n

Browne shared that in 2023, LIAT 1974 Limited, which resumed flying operations on November 1, 2020, operated a limited schedule, despite several hurdles, including unserviceable aircraft, unresolved issues for former workers, financial constraints, staff attrition, and disruptions caused by the hurricane season.<\/p>\n

The airline ensured vital connectivity across destinations with 167 dedicated staff.<\/p>\n

The Caribbean Development Bank (CDB) based in Barbados will play a critical role in solidifying the arrangement among the governments, which will set the stage for finalizing the agreement with Air Peace, a private Nigerian airline founded in 2013.<\/p>\n

This will enable LIAT 2020–a separate entity–to begin operations, thereby securing a promising future for regional travel.<\/p>\n

In 2024, the Antigua and Barbuda government will spend an estimated EC$30 million to ensure LIAT 2020 Ltd has all the aircraft needed and appropriate maintenance and operational arrangements are in place for the safe, reliable, and efficient delivery of service to the people of the region.<\/p>\n

Browne is confident that LIAT 2020 will emerge stronger, more efficient, sustainable, and better positioned to serve the needs of the people of the Caribbean. In his letter to staff, Seaforth stated that the company was not in a position to make any severance payments at this stage, but indicated that it would not be shying away from its obligations to them on severance, vacation pay, retroactive pay, and any outstanding salaries.<\/p>\n

He also mentioned that the company recognizes its obligation as it relates to any of the applicable entitlements, which will be provided to employees under separate cover within 45 days of his letter after the respective computations have been completed.<\/p>\n

Seaforth noted that the payment of any indebtedness to employees cannot be made at this time, but also assured that the administrator would make every effort to secure the best outcome with respect to the indebtedness to all employees in accordance with the company’s legal and contractual requirements.<\/p>\n

He thanked the workers for their valuable contribution to LIAT (1974) Limited.<\/p>\n","protected":false},"excerpt":{"rendered":"LIAT (1974) Limited, a regional airline owned by the governments of Antigua and Barbuda, Barbados, Dominica, St Vincent and the Grenadines, will permanently cease all commercial flying operations from January 24, 2024.\u00a0 This decision has been taken by the court-appointed…","protected":false},"author":13,"featured_media":253632,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_cbd_carousel_blocks":"[]","footnotes":""},"categories":[272,18,286,77,235,9,14],"tags":[],"class_list":["post-314896","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aviation","category-business","category-governance","category-homepage","category-homepage-carousel","category-news","category-regional"],"acf":[],"yoast_head":"\nLIAT 1974 to cease operations on Jan. 24 - 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