No private sector takeover of LIAT

News about this airline - please include a link to the source as well as the article text itself.
Web site: http://www.liatairline.com/
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bimjim
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No private sector takeover of LIAT

Unread post by bimjim » Tue Oct 30, 2018

https://today.caricom.org/wp-content/up ... r-2018.pdf

No private sector takeover of LIAT
26-October-2018

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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