Beautiful Virgin Islands

Sunday, Jul 12, 2026

Regional carrier LIAT 1974 to be liquidated

Regional carrier LIAT 1974 to be liquidated

LIAT (1974) Ltd will be liquidated, its major shareholders decided at a meeting held on Tuesday, August 2, 2022, to determine the future of the iconic regional carrier.

The prime ministers of Antigua and Barbuda, Dominica, Barbados, and St Vincent and the Grenadines recently held virtual talks, aimed at agreeing to either revamp LIAT (1974) or create a new airline.

According to Antigua Observer on August 3, 2022, Prime Minister Gaston A. Browne said shareholder governments agreed that LIAT is considered a public and social good that contributes significantly to regional connectivity and makes a net positive economic contribution to Caribbean economies.

“Commitments were given in support of a new, efficient, and expanded LIAT 2020 instead, which heads believe will satisfy the immediate regional travel demand,” Browne said.

Participants also agreed to engage the services of an aviation consultancy firm – as had been previously touted – to develop a long-term plan to ensure the sustainability of LIAT and the provision of affordable air transportation.

Browne said this will necessitate a reduction in regional travel taxes to reduce the costs of operations for airlines in the region.

Antigua Prime Minister Gaston A. Browne said that the shareholder governments agreed that LIAT is considered a public and social good that contributes significantly to regional connectivity and makes a net positive economic contribution to Caribbean economies.


Severance pay was not discussed


However, the issue of the millions in severance pay owed to former LIAT workers was reportedly not on Tuesday’s agenda.

Hundreds of LIAT workers were terminated more than two years ago when the Covid pandemic exacerbated the airline’s long-standing financial woes by grounding it for several months. Many ex-staff have been in dire economic straits since.

A downsized version of the carrier has been operating a limited schedule since November 2020.

The [British] Virgin Islands is one of the routes.

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
The AI Invoice Shock: Layoffs Didn't Save Managers Money — They Cost Them More
Concern: Sexually Transmitted Bacterium Among Men Develops Antibiotic Resistance
Following Massive Investor Demand: SK Hynix Raises 26.5 Billion Dollars on Nasdaq
Passenger Partially Pulled Out of Ryanair Jet After Cabin Window Fails Mid-Flight
After Four Years, and Under a Heavy Veil of Secrecy: King Charles Meets His Grandchildren, Harry and Meghan's Children
Severe Heatwave Drives Dangerous Ground-Level Ozone Pollution Across Two Thirds of European Union
Westminster in Freefall as Farage's By-Election Gamble Triggers Broader Systemic Crises
Institutional Fractures and Political Volatility Reshape Britain's Domestic Landscape
Deadly Fire, Health Emergencies and Political Upheaval Shape a Volatile Global News Cycle
Flight Instructor Jumped to His Death — Student Landed the Plane: "You Know What You Need to Do"
The Physical and Electronic Barriers Disrupting Domestic Wireless Networks
France and Morocco Open World Cup Quarter-Finals as Collina Defends Refereeing
Prince Harry Suffers Major Court Defeat in Legal Battle Against Daily Mail Publisher
Bonnie Tyler, Welsh Singer Behind Total Eclipse of the Heart, Dies at 75
Tech Pulse: The Future of AI and Screen Culture
Global News Briefing: Escalating Geopolitical Tensions and Corporate Shakeups
Global News Brief: Escalating Conflicts, Public Health Crises, and World Cup Drama
Federal Financial Framework Shifts as Treasury Launches Universal Savings Program for Minors
French Court Allows Le Pen to Run for Presidency, but with an Electronic Tag: "I Will Appeal, and I Will Run"
$1.4 Trillion: The Lawsuit That Could Crush Meta
Europe's Growing Struggle with Extreme Heat and Air Conditioning
UK Daily Briefing: Legal Developments and Social Issues
Political Turmoil and Rising Costs
Anthropic Reengineers Agentic Architecture to Shift Autonomous Workplace Automation to the Cloud
Logic Flaw in Windows 11 Permission Architecture Silently Consumes Hundreds of Gigabytes of Local Storage
Apple Advances Late-Stage Operating Systems with Fourth Beta Deployments
Global Crisis Alert: Escalating Middle East Tensions and UK Political Upheaval
Deep Purple Has Released Its Best Album in Decades
Microsoft Lays Off 4,800 Employees and Xbox Suffers the Hardest Blow
Morocco and France Advance as 2026 FIFA World Cup Enters Quarterfinals.
Historic 2026 Tour de France Opens in Barcelona With Revamped Team Time Trial.
Global Mergers and Acquisitions Approach $4 Trillion Defying Geopolitical Tumult.
Negotiators Advance 20-Point Framework for Gaza Ceasefire and Demilitarization.
OECD Warns Middle East Conflict Will Depress Global Economic Growth.
Ukrainian Drones Strike Major Oil Terminal in St. Petersburg.
World Meteorological Organization Issues Urgent Alert Over Rapidly Intensifying El Niño.
United States Commemorates 250th Anniversary With Diplomatic Summits and Global Flotilla.
Iran Begins Days-Long Funeral for Supreme Leader Khamenei Amid Strait of Hormuz Standoff.
Technology giant reports surging carbon emissions driven by artificial intelligence infrastructure demands.
Artificial intelligence adoption accelerates workforce reductions across the technology and financial sectors.
Global technology and financial conglomerates collaborate to launch a new stablecoin standard.
United States regulators lift export restrictions on a major frontier artificial intelligence model.
Luxury bags take over the World Cup: style, status symbol, or just showing off?
×