LIAT ‘charity routes’ overLIAT CEO Ian Brunton. (FP)
By Natasha Beckles in St John's, Antigua | Sat, December 08, 2012 - 12:06 AM
LIAT said yesterday it could no longer run a charity airline as it announced that it was cutting back on flight frequencies to several loss-making destinations.
The revelation came as the airline’s chief executive officer Ian Brunton announced a new business plan hinging mainly on a complete fleet change as well as new markets.
Executives hope that the measures, which are both structural and asset-based, will help the company reverse its current losses and record a profit of EC$7 million (BDS$5.1m) next year.
As he disclosed details of the plan to regional journalists at a news conference at the Antigua and Barbuda Hospitality Training Institute in St John’s, Brunton said LIAT had already begun to ring the changes.Please read the full story in today’s SATURDAY SUN, or in the eNATION edition.
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