Efforts to revive LIAT, the regional airline that ceased operations in 2020, are progressing according to plan, with aims to have the carrier back in the skies by the end of April.
Antigua and Barbuda’s Information Minister, Melford Nicholas, expressed confidence in the timeline set by shareholder governments, assuring journalists during today’s post-cabinet media briefing that progress is underway.
Nicholas highlighted the approval of aircraft leases by the airline’s administrator and the allocation of necessary funds, signaling adherence to the predetermined schedule.
Financing and acquisition plans
The shareholders of LIAT, including the Governments of Antigua and Barbuda, Dominica, St Vincent and the Grenadines, and Barbados, are actively pursuing the acquisition of three aircraft in the initial phase of the airline’s reintroduction.
Antigua and Barbuda, taking a leading role in the financing of LIAT, is poised to invest approximately US$12 million to procure three ATR 42-600 aircraft.
These aircraft will be utilized to service LIAT’s extensive route network, spanning over eight countries and territories.
Expansion through partnerships
In addition to the direct investment in aircraft, Antigua and Barbuda is finalizing a partnership with Nigerian airline, Air Peace.
This collaboration is anticipated to bring in additional assets and expertise to bolster LIAT’s operations as it prepares for its reentry into the regional aviation market.
