Liat cuts coming
Prime Ministers Freundel Stuart, Dr Ralph Gonsalves of St Vincent and Baldwin Spencer of Antigua with LIAT CEO Brian Challenger. (Donnay Deane)
By Dawne Parris | Tue, January 31, 2012 - 12:10 AM
JOB AND ROUTE CUTS are on the horizon as LIAT charts a course to keep its planes in the sky and return to profitability.
The path could also include a change in the “nature and character” of the airline.
That indication came yesterday from St Vincent and the Grenadines Prime Minister Dr Ralph Gonsalves, chairman of LIAT’s shareholder governments, at a Press conference following a full day of meetings with Prime Minister Freundel Stuart, his Antigua and Barbuda counterpart Baldwin Spencer, LIAT’s board and management and unions representing workers.
“Across the board, we have to make savings, we have to be more efficient in the way we are doing things . . . we have to enhance our revenues and we have to reduce the unit cost of operation,” Gonsalves said.
Read the full story in today's DAILY NATION.
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