Tuesday, April 23, 2024

LIAT talks hit snag

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ANTIGUA is playing hard ball with the Barbados Government over the LIAT issue.

That country’s Prime Minister Gaston Browne said Antigua and Barbuda was prepared to acquire further shares in the cash-strapped regional airline, but was unwilling to pay an estimated US$44 million being asked by Barbados for the sale of its shares in the airline.

The two countries have been holding discussions on the acquisition of the shares, and last week Browne said the talks were still ongoing despite media reports that they had broken down.

Prime Minister Mia Mottley in a Ministerial Statement delivered last month in the House of Assembly said Barbados was reducing its financial involvement in LIAT. (CMC/CM)

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