Thursday, November 21, 2019

LIAT Gives Assurance That It Will Continue Flying

Loop News:–  Caribbean airline LIAT will continue to fly across the region, despite its current financial difficulties.

The assurance comes from LIAT’s Chief Executive Officer Julie Reifer-Jones in response to news that the company is in need of a US $5 million cash injection to stay afloat.

Acknowledging the airline’s challenging financial situation, Reifer-Jones said LIAT has managed to continue its operations throughout the region with support from its main shareholders: the Governments of Barbados, Antigua & Barbuda, St. Vincent & the Grenadines and Dominica.

She noted that the airline has also been operating to destinations where there has been no support from governments and authorities to ensure that critical connectivity is maintained.

Discussions with regional Governments are underway and are intended to put in place new arrangements to provide a basis for sharing the burden amongst all the countries currently benefitting from LIAT’s services.

A restructuring exercise is also ongoing and is expected to improve the operations of the airline as the company moves to build a sustainable model.

Reifer-Jones said all stakeholders, whether labour, suppliers or financiers will be called upon to make adjustments as part of the efforts to achieve a viable airline operation.

The LIAT CEO said the airline has already been working to improve its On-Time Performance, with 83 percent of the airline’s flights operating on time in 2018.

LIAT currently operates 491 flights weekly across its network of 15 destinations.

5 COMMENTS

  1. The financial woes of LIAT have been happening for decades. Management has been changed numerous times still the financial situation seems to have worsened. All stakeholders have to come together and devise a viable plan to get the airline on firm financial footing. To have LIAT in a state of perpetual financial predicament should be brought to an end and soon as humanly possible.

  2. Vibz, I agree with your comment. I may be accused of “bringing in politics in everything” but the fact is politics and politicians determine much of our life by their actions. Growing up, apart from the people, the land, the sea, sun and sand we had West Indies Cricket Team, University of the West Indies and LIAT to call our own. Well lets not talk cricket anymore. Over the years our governments have failed to appreciate the important role that Liat is playing in our social and economic development. Liat would do much better if we had a wider travelling Caribbean public but the extensive taxes that our governments have placed on tickets make travel very expensive thus negatively impacting Liat. However, the Government of St.Lucia is prepared to give American Airlines (a foreign company) millions of our tax dollars but will not assist Liat.

  3. To hell with this, where are the countries who own majority shares and have high taxes and ensure that LIAT lands in their countries to collect those taxes . The puppets these majority shares recommend for top position to hell with that. Allan Chas I am not a supporter of yours , if you do that …..

    • Flyer, have you ever examined a ticket issued to you(well that’s if one has ever been)? If you have ever, you would realize that ALL the countries (SHAREHOLDERS AS WELL AS NON-SHAREHOLDERS) have massives taxes on the ticket. LIAT’s fares are half the cost of the ticket. But of course, just like the one you are a supporter of, you must try to squeeze in the lie.

      • Nonsense. If LIAT was a profitable airline, i ask myself if there would there have been calls from the majority shareholder islands to spread the gains? Of course not!!!
        Now they are wanting to spread the burden?? Ridiculous!

Comments are closed.

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