Negotiations are taking place aimed at purchasing the remaining assets of LIAT
(1974) Ltd. by the representatives of the new airline, LIAT (2020) Ltd., which is
expected to replace the former regional airline.
News of this is contained in the Cabinet Notes emerging from this week’s meeting
of the Cabinet.
According to the Notes, the Cabinet invited to its meeting, the Development
Commissioner, Ambassador Daven Joseph, who has been assigned the
responsibility of negotiating the terms of the final agreement between LIAT (2020)
Ltd. and the principals of Air Peace, to establish a governing agreement between
both carriers.
“Arrangements are also being negotiated between LIAT (2020) Ltd. and the
Administrator of LIAT (1974) Ltd., Cleveland Seaforth, concerning the purchase
of the assets of the latter. The press throughout the English-speaking Caribbean has
carried stories indicating that LIAT is a necessary development partner throughout
the Caribbean and must be resuscitated,” the Notes stated.
It noted that other states have been pursuing establishing another line that would
not compete on LIAT’s Routes; however, LIAT (2020) is more than a year ahead
in its planning to replace LIAT (1974) Ltd. and is likely to outperform the
competitors.
LIAT (2020) will have a total of six planes and will have already secured the Air
Operating Certificate (AOC).
