Basseterre, St. Kitts, 3rd July, 2018 (MyVueNews.com) – As a non-shareholder of LIAT – The Caribbean Airline, the Government of St. Kitts and Nevis has agreed to participate in a meeting to discuss the way forward for LIAT.
This participation does not negate the St. Kitts-Nevis long held position that any participation in LIAT must involve measures that will guarantee the sustainability and profitability of the airline.
At the recently concluded 65th Meeting of the OECS Authority, the matter of LIAT was raised in the Caucus session with the Prime Minister of Barbados. As on all occasions when LIAT has been discussed, the consistent concern of those Governments that are not currently shareholders of LIAT has been the need to ensure the financial sustainability of the airline.
During the meeting between the Barbados Prime Minister Mia Mottley and OECS Heads of Government, the following was agreed in respect to LIAT.
– All Governments present recognized and accepted the importance of LIAT as a public good that is essential to the free movement of people not only in the OECS but the wider Caribbean
– All Governments agreed that it was necessary to take a frank and hard look at the current situation facing LIAT and agreed to convene at the earliest opportunity a meeting of all stakeholders and shareholders to examine the way forward for LIAT, and
– All Governments present agreed that a new appropriate business model needed to be developed that could be presented in a draft shareholder agreement involving Barbados, the current shareholders and other interested parties.
In a statement on the matter issued by the Government of St. Kitts and Nevis, it indicated that Government will approach the LIAT matter with prudence.
Nevertheless, the statement reads in part, “It is in this spirit of financial rectitude and in recognition of the importance of LIAT to all of us that we have agreed to participate in the dialogue that we hope will lead to a lasting and sustainable solution.”