Antigua & Barbuda Allocates $30 Million for LIAT 2020
On Friday, Prime Minister Gaston Browne made an announcement that is set to be a game-changer for the Caribbean’s aviation industry.
The Prime Minister pledged a significant financial commitment of $30 million from the 2024 budget to revitalize LIAT 2020 Ltd, which is a significant step towards the revival of the struggling airline.
The challenges faced by LIAT in 2023 were numerous and formidable. Unsuitable aircraft, unresolved issues with former workers, financial constraints, and staff attrition were just a few of the hurdles.
Despite these challenges, the airline managed to operate a limited schedule, ensuring crucial connectivity between destinations with a dedicated team of just 167 staff
The Prime Minister emphasized the government’s unwavering commitment to restructuring and resurrecting LIAT, recognizing its historical significance as a cornerstone of Caribbean connectivity.
The vision extends beyond national borders, with several regional governments expressing interest in partnering with Antigua and Barbuda to contribute to the revival of LIAT.
The government’s collaborative efforts aim to pave the way for finalizing an agreement with Air Peace, a crucial step towards the recommencement of LIAT 2020 operations.
To this end, the Caribbean Development Bank will play a pivotal role in solidifying the partnership and arrangements among regional governments.
As part of the government’s efforts to revive LIAT, the Prime Minister announced that $30 million will be allocated from the 2024 budget to ensure that LIAT 2020 Ltd has all the necessary aircraft, maintenance, and operational arrangements in place.
The goal is to establish a foundation for the safe, reliable, and efficient delivery of services to the people of the region.
The significant financial injection underscores the government’s dedication to overcoming the challenges faced by LIAT and reaffirms its commitment to restoring a vital lifeline for regional travel.
This announcement is a pivotal moment in the effort to revive the beleaguered airline and is sure to have a positive impact on Caribbean connectivity.
This story was first published by Antigua News on : antigua.news/2023/12/16/antigua-barbuda-allocates-30-million-for-liat-2020. © 2023 Antigua News. Republication without permission is not allowed.
About the author
The Editorial Staff refers to all reporters employed by Antigua.news. When an article is not an original creation of Antigua.news—such as when it is based on a press release, other media articles, letters to the editor, or court decisions—one of our staff members is responsible for overseeing its publication.
Read our editorial standards and corrections policy. Spotted an error? Contact the newsroom.
More from Antigua and Barbuda
View section
Young Man Suffers Minor Scrapes After Leg Gets Trapped in St. John’s Sidewalk Grating
The incident raises fresh concerns about pedestrian safety following similar occurrences in the city.
By Cory Wayland
Mighty Sparrow’s National Funeral Set for October 16 as Trinidad and Tobago Prepares Grand Farewell
Two days of public viewing and a grand cultural procession will precede the October 16 Celebration of Life honouring the legendary entertainer whose music helped shape Caribbean culture.
By Cory Wayland
Antigua and Barbuda Art Week 2026 to Bring Folklore and Creativity to Life with Exciting New Experiences
From the legendary Jam Bull to evening gallery tours, live painting battles and interactive workshops, this year's Art Week promises an immersive celebration of Antigua and Barbuda's artistic and cultural heritage.
By Cory Wayland
Freeland Challenges Qualifier Schedule as College Commitments Complicate Team Selection
Basketball president says the timing of another qualifying round created difficulties for overseas players and added financial pressure
By Shermain Bique-Charles
Comments
Be the first to comment.