LIAT Assures it Will Continue Flying
Friday 1st March, 2019-LIAT’s CEO has given the assurance that the regional airline will continue to operate in a safe and efficient manner to provide connectivity and service to the region.
The guarantee comes amidst reports that LIAT is days away from running out of money.
Trinidad and Tobago’s Prime Minister, Dr. Keith Rowley told reporters after arriving at Piarco International Airport from the CARICOM inter-sessional meeting in St. Kitts that LIAT only has enough cash to function for the next 10 days and will face a shut down if Caricom does not intervene, adding that the airline needs an immediate cash injection of some US$5 million to keep flying. He was quoted as saying that the Liat shareholders said they needed to act with urgency in order to keep the airline afloat.
The airline’s CEO Julie Reifer-Jones, reacting to the bleak outlook noted that while the airline is in a challenging financial situation, LIAT has continued flying through the region with support from its principal shareholders: the Governments of Barbados, Antigua & Barbuda, St. Vincent & the Grenadines and Dominica. She noted, however, that the airline has also been operating to destinations where there has been no support from governments and authorities to ensure that critical connectivity remains. Jones advised that the current discussions with Regional Governments are intended to put in place new arrangements which provide a basis for sharing the burden amongst all the countries currently benefitting from LIAT’s services. Jones also noted that all stakeholders, whether labour, suppliers or financiers will be called upon to make adjustments aimed at achieving a viable airline operation.