Editorial Staff
1 month ago

Editorial Staff
1 month ago

LIAT 2020 Limited will be profitable, principles assured.

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By Aabigayle McIntosh

 

The officials overseeing the launch of LIAT 2020 are optimistic about the carrier’s profitability, which is set to take flight following the liquidation of LIAT 1974 Limited.

Abdul Salam, the Lead on LIAT 2020 at Air Peace Caribbean Limited, assures that the company will be viable, citing its track record.

“We have four key objectives: we aim to achieve sustainable financial growth, provide exceptional customer service, ensure operational excellence, and foster a continuous environment of collaboration and employee development,” Salam stated.

She emphasized that the new company will strive to learn from the past mistakes of LIAT 1974 to prevent a recurrence.

 “We are hoping to grow organically, optimize profitable routes, and establish an aggressive cost management program,” she added.

Development Commissioner Ambassador Daven Joseph assured that the government would play its part, but the company would operate according to private sector standards.

“While we are joint venture partners, all management will be turned over to LIAT 2020 without interference from the Government of Antigua and Barbuda. We will be represented on the board as a minority shareholder, with Antigua and Barbuda holding a 30 percent share,” Joseph explained.

LIAT made its final flight on Monday.

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