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Pilots Association Renew Calls For An Independent Audit of LIAT

Leeward Islands Air Line Pilots' Association
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bimjim
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Pilots Association Renew Calls For An Independent Audit of LIAT

Unread post by bimjim » Mon Mar 04, 2019

https://www.winnfm.com/news/local/29094 ... it-of-liat

Pilots Association Renew Calls For An Independent Audit of LIAT
Ken Richards
Monday, 04 March 2019

St Kitts and Nevis (WINN): The St Kitts and Nevis Government is looking into the possibility of providing some kind of assistance to struggling regional airline LIAT.

Prime Minister Timothy Harris says his Cabinet is to meet on Monday with LIAT officials.

Dr. Harris is the CARICOM Chairman – the LIAT problem was discussed at last week’s CARICOM Heads of Government meeting in Basseterre.

It has emerged that LIAT’s funds to continue operating flights across the region has whittled down drastically and it urgently requires a serious injection of funds.

St Kitts and Nevis is not a LIAT shareholder, however, the airline has regular flights to and from the federation.

PM Harris said, “I have undertaken that the cabinet of St Kitts and Nevis will receive a delegation so that we could explore in more detail the financial and other issues impacting upon LIAT and what role if any the government of St Kitts and Nevis can play as part of a constructive response to a regional problem. So we are in fact making some progress and we’re doing so in a very thoughtful way, conscious of all the other priorities and conscious in the end that we want a sustainable formula for ensuring that the region gets the very best from whatever model is adopted.”

Meanwhile, the President of the Leeward Islands Pilots Association, Carl Burke, tells Winn FM that advice offered to one shareholder government years ago should have been heeded and is still relevant.

Burke says it is not too late to undertake the independent audit suggestion Lialpa made to Vincentian Prime Minister Ralph Gonsalves in 2009.

“The airline obviously has issues, we believe that the airline is hemorrhaging, we don’t want to start pointing to areas where we believe the hemorrhaging is taking place. We have asked Dr Gonsalves and he made a promise to us in 2009 that he would get an independent forensic audit done in the airline, that has not been done up to this point. It’s difficult for one to believe that an airline operating at approximately 90 percent plus on time performance yearly without any hindrance of any industrial action over the last year, or any major hurricanes since 2017 is in this position it is today. We keep saying that something got to be wrong in an airline the size of LIAT, a legacy carrier, at some point in time maybe at this juncture would be the right time to do it.”

The Pilots Association president says there are tough questions to be asked.

“You need to see if there is any hemorrhaging going within the airline. Is the airline getting value for money from its suppliers? Are there legitimate suppliers? Are there people making money from the airline operating? These are the tough questions which the board and the shareholders have to ask themselves, let us start digging and seeing if there is some hemorrhaging going on in the airline.”

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Re: Pilots Association Renew Calls For An Independent Audit of LIAT

Unread post by bimjim » Sun Mar 10, 2019

Tomas Chlumecky
Vice President: Strategy & Development at West Wind Aviation

Right on! finally, the right questions are being asked.

Why do you think there are NO public accounting reports? bring in forensic accountants to follow the $US+500M over the past 25+ years gone!

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“The airline obviously has issues, we believe that the airline is hemorrhaging, we don’t want to start pointing to areas where we believe the hemorrhaging is taking place.

We have asked Dr Gonsalves and he made a promise to us in 2009 that he would get an independent forensic audit done in the airline, that has not been done up to this point.

We keep saying that something got to be wrong in an airline the size of LIAT, a legacy carrier, at some point in time maybe at this juncture would be the right time to do it.”

The Pilots Association president says there are tough questions to be asked.

“You need to see if there is any hemorrhaging going within the airline. Is the airline getting value for money from its suppliers? Are there legitimate suppliers?

Are there people making money from the airline operating? These are the tough questions which the board and the shareholders have to ask themselves, let us start digging and seeing if there is some hemorrhaging going on in the airline.”

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