Thursday, March 28, 2024

Gonsalves: LIAT share talks coming

Date:

Share post:

The governments of Barbados and Antigua and Barbuda are to sit at the negotiating table in the coming days to determine how many shares will change hands, affecting the future of regional airline LIAT.

Chairman of the shareholder governments in the cash-strapped airline, Prime Minister Dr Ralph Gonsalves of St Vincent and the Grenadines confirmed to THE NATION by telephone on Thursday, that they were playing the waiting game even though Barbados has officially sent back correspondence to the Antigua and Barbuda government about its recent share offer.

“The Prime Minister of Barbados (Mia Mottley) has responded, and asked about what is the extent of their indebtedness with LIAT at the Caribbean Development Bank. I also spoke to the Prime Minister of Antigua (Gaston Browne) yesterday while he was in Suriname and he said they responded to the Government of Barbados, and through negotiations he (Browne) is hopeful they could come to a number which is appropriate in all the circumstances. They now have to negotiate what was sent in both letters,” Gonsalves revealed.

“We actually haven’t been able to meet as shareholder governments because we are waiting on Barbados and Antigua. It doesn’t make any sense, practically speaking, to have a shareholders’ meeting until Barbados and Antigua sort out this matter about the extent of what Antigua is going to take over to get the shares from Barbados. That’s where we are now,” Gonsalves added. (BA)

Subscribe now to our eNATION edition for the full story.

For the latest stories and breaking news updates download the Nationnews apps for iOS and Android.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related articles

Guilty of having sex with minor

The St Michael man who was earlier this month on trial in the No. 4A Supreme Court, accused...

Disgraced ‘Crypto King’ to be sentenced

Sam Bankman-Fried, the former billionaire crypto boss who was convicted of fraud and money laundering last year, will...

Lester Vaughan update coming

One month after the closure of Lester Vaughan School, teachers and concerned parents will have a chance to...

Gayle and T20 trophy ‘on top of the world’!

Former West Indies cricketer Chris Gayle lit up the iconic Empire State Building in New York recently as...