As Gov’t lays plan to acquire LIAT (1974) fleet, locals ask why the minority shareholder is playing the major role

The Gaston Browne Administration will be seeking to purchase the
LIAT (1974) Ltd. fleet of aircraft, prompting taxpayers to ask about
the investment of the Government’s partner in a new airline, Air
Peace.

Apparently, arrangements are being made to purchase the first
airplane at a cost of US$4.1 million.

Based on the Cabinet Notes of Wednesday, February 21, this aircraft
will allow LIAT 2020 Ltd. to meet one of the conditions necessary for
receiving an Air Operator Certificate (AOC).

Reportedly, an additional US$12.1 million will be needed to
purchase the other three aircraft used by LIAT (1974) Ltd. from the
Caribbean Development Bank (CDB).

The Government is hoping that, in fewer than 60 days, LIAT 2020
Ltd. will take to the air, servicing several routes.

Meanwhile, the Cabinet claims that Air Peace will provide additional
aircraft to expand the LIAT fleet, allowing the newest regional
carrier to fly longer distances, as these will have jet engines.

Observers have been asking why – as the major shareholder with 70
percent ownership – Air Peace has not been able to purchase even a
single airplane from the CDB to secure the AOC.

They are also asking whether LIAT 2020 will be purchasing the air
routes that were owned by LIAT (1974) Ltd., as well as its hangar
and equipment, or whether the Browne Administration intends
simply to appropriate those assets and keep the unpaid former
workers out in the cold.