Nigerian airline acquires 70% stake in LIAT; will not be a ‘regional bus’ says Antigua PM

Antigua and Barbuda’s Prime Minister Gaston Browne has revealed that Nigerian airline Air Peace will take up a 70% stake in LIAT 2020

AIR PEACE is a private Nigerian airline that was founded in 2013. Its head office is located in Ikeja, Lagos State, Nigeria.

Browne State Media in an interview this week that the carrier will run only on a commercial basis and it will not be what he called a “regional bus”

“The airline will be operating strictly on a commercial basis so it will not be a regional bus. We are looking forward to the eventual operationalization of this new LIAT–LIAT 2020. We are committed to doing all we can to ensure its viability and sustainability,” Browne said.

He said once finalized, the fleet of LIAT will increase from two aircraft and fewer routes to having much more

“They will bring some assets and we will also acquire some assets as well and hopefully we can have maybe five, or six aircraft operating within the region under the name LIAT. “I am hoping that we can make this a reality so we can protect the existing jobs and even create jobs for those employees that are displaced, especially the pilots,” he said.

The shareholder government resolved to liquidate LIAT 1974 Ltd after Covid-19 plunged the airline into further financial problems and transfer its assets to a new company called, LIAT 2020 (Antigua).