LIAT to be Liquidated and New Airline Formed – PM Gaston Browne
(Barbados Today) “From all indication, LIAT will be liquidated,” Prime Minister Gaston Browne has just announced.
The Prime Minister said there will be a meeting of all shareholders shortly to discuss collapsing LIAT.
A new entity will be formed.
“COVID would have actually, let’s say increased the losses exponentially, so whereas in all of 2019 LIAT made a loss of about EC$12 million, that was within the means of the shareholder governments to subsidize,” Browne said on local radio in Antigua.
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