LIAT Shareholders looking at over US300K from SKN

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AN emergency meeting was held yesterday (Mar. 11) in Barbados, where it was said that regional officials would have been targeting St. Kitts and Nevis to pay US$389,691 to assist in LIAT’s bailout.

The announcement was made by St. Vincent and Grenadines Prime Minister, Dr. Ralph Gonsalves, who told the National Assembly in Kingstown that the financially hit airline needs S$5.4M.According to reports out of Kingstown, yesterday’s meeting in Barbados would see the shareholder governments, the airline’s management and the trade unions holding talks on the situation.
Speaking to the airline’s bailout, Gonsalves explained that the 11 destinations that are not shareholders but are being serviced by LIAT would have up until March 15 to respond to the airline’s minimal revenue guarantee (MRG) proposals.

 

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