Antigua and Barbuda Prime Minister Gaston Browne has welcomed the decision by pilots and staff of the cash-strapped regional airline, LIAT, to take a cut in salaries and wages, saying he is now confident that the much-needed restructuring of the company can proceed.
Government is yet to make a decision on how it will treat with the Leeward Island Air Transport (LIAT), hours after it was reported that the airline could drop T&T from its schedule of routes as it seeks to restructure amid financial burdens.
On Tuesday, St Vincent and the Grenadines Prime Minister Dr Ralph Gonzalves hinted that LIAT could discontinue its service with T&T.
Prime of St Vincent and the Grenadines, Dr Ralph Gonzalves has hinted that the Leeward Islands Air Transport (LIAT) could drop Trinidad and Tobago from its schedule of routes, as the airline seeks to restructure amid financial burdens.
Dr Gonzalves, who is also the CARICOM Lead among Heads of Government for Transport (Maritime and Aviation), made the comment during an interview with WE FM in St Vincent and the Grenadines.
LIAT is seeking an injection of US$5.4 million to help keep the airline in the sky and the matter has been taken to CARICOM for assistance.
Inter-Caribbean airline Liat Ltd only has enough cash to function for the next 10 days and will face a shut down if Caricom does not intervene. The faltering airline needs an immediate cash injection of some US$5 million to keep flying,
Prime Minister Dr Keith Rowley said after returning from the 30th Caricom meeting in St Kitts and Nevis.
Speaking moments after landing at the Piarco International Airport, Rowley told the media that the Liat shareholders said they needed to act with urgency in order to keep the airline afloat.
LIAT is advising passengers that due to the impending passage of Tropical Storm Isaac, several destinations within the LIAT network will be affected.
The airline says that in the interest of passenger and crew safety, several flights have been cancelled and retimed.
The following flights have been cancelled for Wednesday 12th September, 2018:
The Finance Minister says the wet lease between Caribbean Airlines and LIAT will cost nearly $3.9 million.
Speaking in the Parliament this morning, the government was asked by the Opposition about the cost of this arrangement which is meant to help transport passengers to and from Tobago in light of the sea bridge suspension.
The lease ends on April 30th.
Minister Imbert said LIAT will accommodate 544 passengers in March and 680 in April.
LIAT, The Caribbean Airline, has announced that it has successfully concluded a commercial agreement with Caribbean Airlines to operate flights on the Trinidad and Tobago air bridge.
The airline says it will operate an ATR 72 aircraft to provide assistance in moving passengers on the air bridge.
A statement on its Facebook page says the agreement between the airlines is as a result of the challenges on the passenger sea bridge between the islands and the increase in capacity needed by Caribbean Airlines which has been requested by the Government of Trinidad and Tobago.