Submitted by M.R.Thompson
Quote from Barbados Nation Newspaper of June 27, 2013…
“LIAT, with the partial backing of some Caribbean governments, is enhancing and transforming its fleet, with 12 new aircraft over the next two years that will cost investors US$100 million.”
This very simple but not fully explained statement got me in the market for an ATR72, pretty cheap if you can buy 12 aircraft for $100m, that’s only $8.3m per aircraft. I think I’ll take a dozen at that price myself. A new ATR 72 500/600 model sells for $18 to 23m, used 10 year old aircraft still demand some $12m each.
Where did LIAT find such a good deal on these ATR72’s or is there some very creative book keeping promoting this exceptional deal. Creative booking is really a Caribbean political area of expertise. As LIAT is an airline owned by various countries citizens some questions should be asked to explain this seeming unrealistic purchase price.
Personally I’d expect to see the already ridiculously high LIAT fares increase significantly to support this purchase and maintain the bloated LIAT workforce.
Just some REDNECK thoughts.