No private sector takeover of LIAT

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No private sector takeover of LIAT

Unread post by bimjim » Tue Oct 30, 2018 ... r-2018.pdf

No private sector takeover of LIAT

LIAT is currently engaged in restructuring as part of its efforts to achieve greater profitability & improve efficiency, amidst concerns that the travelling public must be better served & intra-regional travel encouraged.

SVG Prime Minister Ralph Gonsalves who chaired a recent meeting of shareholder governments, advised that the principal shareholders had accepted one of the options suggested by a Technical Committee report on the restructuring of but declined to elaborate on same. He however ruled out the possibility of a private sector takeover as being infeasible and was less than ebullient in pronouncing on the option of closure.

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