Friday, November 15, 2019

PM Mottley: LIAT ‘doomed’ under current ownership

Prime Minister Mia Mottley has insisted that the regional airline jointly owned by Barbados and three other Caribbean governments is “doomed” under its current...

Scotiabank’s regional leaders call on St. Kitts-Nevis PM

High level officials of Scotiabank are in St. Kitts-Nevis to finalize matters relating to the wrap up of their operations and the transfer of...

Parliament agrees to buy additional US $15.8 million in LIAT shares

The Government of Antigua and Barbuda has been given the go-ahead to secure a loan of US $15.8 million (approximately EC $40 million) with...

CDB President Calls for Regional Coordination in International Business Sector

A private sector-led, regionally-coordinated approach can help the Caribbean reap the full benefits of the international business and financial services (IBFS) sector, says President of the...

LIAT celebrates 63rd anniversary despite financial woes

The cash-strapped regional airline, LIAT, celebrated its 63rd anniversary on Wednesday, indicating that it remains “resilient to fulfil its mandate to connect the Caribbean.” The...

Antigua drops demand for LIAT shares

In an abrupt move, Prime Minister Gaston Browne has declared that he has told Prime Minister Mia Mottley that Antigua and Barbuda has found...

Antigua and Barbados to continue talks over sale of LIAT’s shares

The Government of Antigua and Barbuda said that it intends to keep discussions going with Barbados with a view over the sale of the...

New policy regarding sale of assets of international banks operating in Antigua

The Antigua and Barbuda government has adopted a policy whereby any international bank deciding to leave the island will have to make “first offer...

LIAT says there are challenges but it will continue flying

LIAT will continue operating across the region despite the challenges the airline is facing,  Chief Executive Officer Julie Reifer-Jones said. Reifer-Jones said LIAT is in...

LIAT may be on the verge of collapse, again

Regional cash-strapped airline LIAT may be on the verge of collapse, again. With negotiations between majority shareholder Barbados and Antigua and Barbuda having completely broken...