No more LIAT? Airline in ‘serious financial difficulty’

No more LIAT? Airline in ‘serious financial difficulty’
Darlisa Ghouralal Created : 1 March 2019
Caribbean News
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Caribbean airline LIAT is in urgent need of a cash injection of at least US $5 million to remain in operation.

Prime Minister Dr Keith Rowley made the revelation at a media conference at the Piarco International Airport on his return from the 30th Caricom meeting in St Kitts and Nevis on Thursday.

While Trinidad and Tobago is not heavily dependent on the inter-Caribbean airline for transportation, Prime Minister Rowley said other territories like Barbados, Dominica, Antigua and St Vincent “virtually at the mercy of a LIAT service” will be seriously impacted.

T&T once a major shareholder in LIAT, owns a one percent share in the airline but will not be financially impacted if the airline fails.

While the Prime Minister acknowledged that he was not aware of the full extent of the impact LIAT going out of service would have in Trinidad and Tobago, he said the country may have to enter into an agreement