Reply. “Back in 1974 when LIAT was collapsed, my understanding is … Latest News; Lifestyle; Saint Lucia; St Vincent and the Grenadines; Travel; Antigua – Barbuda PM prepared to lead on LIAT. Local News; LIAT still in talks with Barbados and St. Vincent. How to utilise credited accounts . Ownership of the airline was acquired by 11 Caribbean Governments in 1974 and it was renamed LIAT (1974) Ltd. Share 2. However, he did not commit to a firm date for its relaunch: “It’s likely to happen in the new month. Formation of new entity must be swift. The fundamental problem for Liat and all current or future inter-regional airlines are a combination of the new taxes: the airport development fee,.Concourse fee,. The seven destinations are Antigua, Barbados, Dominica, Grenada, Saint Lucia, St Kitts, and St Vincent. Liquidation in finance and economics is the process of bringing a business to an end and distributing its assets to claimants. Photo: Laurent ERRERA via … Twitter. They are SVG Air, One Caribbean Ltd, Caribbean Airlines, InterCaribbean Airways, Silver Airways, and Air Antilles. Caribbean News Service (CNS) — LIAT’s major shareholders have reached an agreement, which Antigua and Barbuda’s Prime Minister Gaston Browne said could see the airline flying again “in 60 to 90 days. By. Share. The limited schedule of flights will return connectivity to these destinations which were impacted by the airline’s suspension of commercial services. With the financially strapped regional airline LIAT facing the likelihood of being liquidated, many stranded customers with credited accounts have been left in the dark on how or if they will be refunded. LIAT is heading into liquidation. Pin. LIAT may return to Caribbean skies in mid4Q20 15.10.2020 - 16:27 UTC. According to Dominica News Online, ... Trinidad and Tobago’s government is the sole shareholder of Caribbean Airlines: LIAT’s regional competitor. Posted on June 27, 2020 January 3, 2021 by Caribbean Digest “From all indication, LIAT will be liquidated,” Prime Minister Gaston Browne has just announced. The Prime Minister said in Barbados Today there will be a meeting of all shareholders shortly to discuss collapsing LIAT and a new entity will be formed. OH, how many millions would have gone down the drain. It’s time for LIAT to move back to Barbados. LIAT said that the agreement is as a result of the challenges on the passenger sea-bridge between the islands and the increase in capacity needed by Caribbean Airlines … Latest News; Airlineroute; Community News; Routes Magazine; Routes Aviation Podcast; Routes TV; More. Maarten Van Den Driessche-29 June 2020 2. Facebook. LIAT Airlines the transportation service that operated like a de facto regional air taxi that was last week on the verge of liquidation may be coming back from the dead but under a different ownership structure. Please click on the logos below to find out more about airlines that operate similar routes: News. Editor - December 9, 2020. It has gotten a bad rap and perhaps it deserved some of it. If Virgin’s offer is accepted it could re-invigorate the struggling airline and bolster profitability, according to Mr Hurst. Thomas Cook signs interline deals with Liat and airBaltic 10 December 2018 Airline News Breaking news - LIAT to be liquidated and new airline formed. 2. After been dragged to the street for not investing in a failing company, St. Lucian should say thanks to PM Allen for making a business decision. Since busting on the scene in 1956, LIAT have endured some challenges, including its low on time rating, operational issues, poor customer satisfaction ratings among other issues. It now appears that our not so be bright PM as said by the SLP , is beginning to look very bright. LIAT, The Caribbean Airline, has been forced to suspend services to two (2) of its previously announced destinations while it awaits the approval from the relevant authorities in Barbados and St. Vincent & the Grenadines. A new Airline to replace Liat would be better served Caribbean people if it’s headquarters not be place in Antigua and Barbuda. [ News ] June 30, 2020 9:15 am ET. The airline, based in Antigua, will be formed into a new entity that will provide vital connections between the Caribbean islands. However, he did not commit to a firm date for its relaunch: “It’s likely to happen in the new month. Regionally run airlines with governments offering subsidised tax breaks to the airlines, will presents itself faverable to tourists looking to travel between islands as well as locals. News. LIAT(1974), the primary regional inter-island air carrier, is going to be restructured, though it may retain the name LIAT. The Caribbean airline LIAT formally known as Leeward Islands Air Transport is on the brink of liquidation, according to Antigua and Barbuda Prime Minister... Aviation24.be latest. Advertisement: Uneconomic routes and heavily subsidized loads to blame. The Caribbean airline LIAT formally known as Leeward Islands Air Transport is on the brink of liquidation, according to Antigua and Barbuda Prime Minister Gaston Browne . WhatsApp. security fee , in-transit fees , and soon to be added a carbon tax and the ridiculous VAT added on by some countries to the fares i.e. Meanwhile, Prime Minister Browne said the formation of the new entity must be done swiftly. The regional airline is expected to be replaced by a new, “leaner” carrier. In a local radio interview in Antigua, Gaston Browne spoke confidently about the need for a new airline to be formed in Antigua. ‘“Back in 1974 when LIAT was collapsed, my understanding is that it took a day to start the the operation of a new entity. 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