Dominica News Online has reported Antigua prime minister Gaston Browne has announced the liquidation of financially troubled LIAT, the news source said.
The prime minister said LIAT shareholders will meet to discuss the collapse of LIAT and the countries in the region will have to come together to form a new entity.
The Antigua and Barbuda leader says he cannot see the region moving forward without a form of connectivity and you cannot have an integration movement if people cannot connect.
Browne said the new entity will require full cooperation with a mixture of public and private capital.
Browne said the new entity will require full cooperation with a mixture of public and private capital. He said the new airline will be much leaner that the current LIAT, which employs hundreds throughout the region.
Leeward Island Air Transport was established in 1956 on the island of Montserrat. In 1971 Court Line Aviation of the UK acquired control and renamed the airline LIAT. Ownership of the airline was acquired by 11 Caribbean Governments in 1974 and it was renamed LIAT (1974) Ltd.