Antigua.news Antigua and Barbuda CDB’s Slow Movement on Sales Agreement is Keeping LIAT 2020 Grounded
Antigua.news Antigua and Barbuda CDB’s Slow Movement on Sales Agreement is Keeping LIAT 2020 Grounded

CDB’s Slow Movement on Sales Agreement is Keeping LIAT 2020 Grounded

9 June 2024 - 18:29

CDB’s Slow Movement on Sales Agreement is Keeping LIAT 2020 Grounded

9 June 2024 - 18:29

Isaac Solomon and Prime Minister Gaston Browne

The Caribbean Development Bank is being blamed for the delay in getting LIAT 2020 off the ground.

Even though the airline has received its Air Operator Certificate, it is unable to start scheduled flights.

That’s because the CDB has yet to finalize the sale agreement which has been under review for an extended period.

Finance Minister and Prime Minister Gaston Browne emphasized that the revised sales agreement is not a new document and expressed frustration over his unsuccessful attempts to reach CDB’s Acting President, Isaac Solomon, for several weeks.

“The government placed about $12.1 US million in escrow to purchase three aircraft, and what is holding us back is that the Caribbean Development Bank has been vetting the sales agreement for over two weeks. I don’t understand why a sales agreement has to take so long,” a seemingly frustrated Browne said

Browne is hopeful that the agreement will be finalized this week.

About The Author

Editorial Staff

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. Contact: [email protected]

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

Antigua News - Breaking stories that captivate
Privacy summary

This website uses cookies so that we can provide you with the best possible user experience. Cookie information is stored in your browser and performs functions such as recognising you when you return to our site or helping our team understand which parts of the site you find most interesting and useful. More information in Privacy Policy