Shareholders of the cash-strapped regional airline LIAT are scheduled to meet on Monday, September 4 as the carrier’s finances reach a “critical” state.
The airline is requesting from Antigua a sum of money to meet its debt obligations to the Caribbean Development Bank, commensurate with the shareholding of Antigua and Barbuda.
LIAT is owned by the Governments of Barbados, with 51 percent of the shares; Antigua and Barbuda with 34 percent; St. Vincent and the Grenadines with 12 percent; and Dominica with three percent.
Following a Cabinet meeting here Wednesday the government’s spokesman Lionel Hurst said every attempt is being made to encourage other Caribbean countries served by LIAT to purchase shares in LIAT or to contribute to LIAT’s operations.
“The meeting to be held on Monday is critical,” Hurst said.
