Who is LIAT Majority Shareholder_ Antigua or Barbados
Submitted as a comment to Adrian Loveridge Column – Keep Working it blog by Artax.
It seems as though talks between the governments of Barbados and Antigua & Barbuda relative to the sale Barbados’ shares in LIAT have recommenced.
After all the “back and forth,” … and the government of Antigua securing a US$15.8M loan from the Venezuela ALBA Bank to invest in LIAT we haven’t heard anything from Tourism Minister Kerry Symmonds as it relates to this issue or what is government’s short-term or long-term position on the airline.
I’m wondering why, as the majority shareholder, the government of Barbados is allowing Antigua’s PM Gaston Browne to take the lead on issues relating to the restructuring and recapitalization of LIAT?
And, so far, Chairman of the shareholder governments, SVG’s PM Ralph Gonsalves, has remained extremely silent on these developments…… and we haven’t heard anything from the other shareholders as well.
Mia Mottley should realize she or any member of her administration does not own the 49.4 shareholdings in LIAT … they are owned by the Barbadian tax payers. As such, she is obligated to inform Barbadians about any new developments relating to the airline.