The anticipation is palpable as the government of Antigua & Barbuda remains steadfast in its belief that LIAT 2020, the new regional airline, will commence commercial operations in early August. However, a crucial element in this plan hinges on the response from the Caribbean Development Bank (CDB) and the regional shareholder governments of the bankrupt airline regarding the utilization of an escrow fund to settle severance payments for former employees.
Key Points Regarding LIAT 2020:
- The shareholder governments of the defunct airline include Antigua & Barbuda, Barbados, Dominica, and St Vincent and the Grenadines.
- The Cabinet expressed confidence in LIAT 2020’s potential re-commencement of commercial flights in early August 2024.
- Chief of Staff Lionel Hurst highlighted that LIAT 2020’s inaugural commercial flight may coincide with the airport upgrade in Barbuda, showcasing preparedness with a 6,100-foot runway.
Exciting Developments for LIAT 2020:
- Antigua and Barbuda have engaged in a partnership with Air Peace, a Nigerian-based airline, for the establishment of LIAT 2020.
- US$65 million from Air Peace and US$20 million from the Antigua and Barbuda government will fuel LIAT 2020’s operations.
- Plans are underway to extend Barbuda’s airport runway to over 8,000 feet to accommodate LIAT 2020’s flights seamlessly.
Call for Collaboration and Clarity:
- Prime Minister Gaston Browne advocates for CDB and shareholder governments to release their stake in the escrow funds for the benefit of the former LIAT employees.
- CDB clarified its involvement, assuring that its role is limited to consenting to the sale of assets from LIAT (1974) and not in the operational aspects of LIAT 2020.
- Despite initial proposals from the Antigua and Barbuda government to allocate 30% of severance payments due to former LIAT employees, calls for a more substantial settlement persist.
In conclusion, as the pieces align for LIAT 2020 to soar to new heights, the resolution of financial matters remains a pivotal aspect. Collaborative efforts between all stakeholders will not only ensure a successful relaunch but also honor the dedication and service of the former LIAT employees. A harmonious approach is the key to realizing the full potential of LIAT 2020 and facilitating a promising future for the regional aviation sector.
