Captain Urges LIAT Shareholders to Think BEFORE acting …

Submitted by Captain James C. “Jim” Lynch (retired)

12 January, 2020

PM Antigua
PM Barbados
PM Dominica
PM Grenada
PM St.Lucia

  • Please read my professional take on LIAT before acting…

Honourable Prime Ministers…

There is a strong case to be made – indeed, the case has been presented for at least the last 20 years – that LIAT should be commercialised… that is, the shareholder Chairman and entire Board replaced with individuals who have or have had some involvement with and interest in aviation, and the executive management replaced with airline professionals who are capable of performing the major surgery of turning the airline around towards breaking even – and perhaps making a profit in the not too distant future.

Yes, the Board has just been renewed, but with the addition of ONE single person who has the first clue about aviation and airlines. I congratulate you on that one, but the rest of them – including former PM of Barbados Owen Arthur – are still bereft of any airline knowledge and will vote against him if they see fit or are politically instructed.

When will you learn? Will you continue to do the same things year after year and still expect the results of that insanity to be different? You don’t do that with your government, why would you do that with LIAT?

In the MANY decades that PM Gonsalves and Chairman Holder have been at the LIAT helm, there has been nothing out of their political meddling but incompetence, failure and losses, and it is clear that neither has learned the slightest thing about running or supporting an airline.

In any private industry the shareholders would have booted these people out and replaced them in or before the second year of abysmal performance, yet the political Carnival continues at major expense to the shareholder taxpayers.

FACT: The Board STILL consists of political friends and appointees; only ONE has the slightest knowledge of aviation except as passengers. This has been the case for some 30 years.

FACT: The current CEO, previously CFO, was previously a government-owned hotel book-keeper who was appointed to the CFO position at LIAT by Chairman Holder, and with his support was elevated to her Most Superior Level Of Incompetence in the position of airline CEO.

I put it to you that her performance has been to lose even more money her term so far as CEO than LIAT has ever lost before, and the management and performance of LIAT as an airline also reflects her incompetence for the job.

FACT: An airline is not a hardware store, it is not a legal office, it is not a fast food restaurant. An airline is a highly technical institution which employs rigidly licensed professionals – pilots and engineers, who undergo frequent training and performance checks – as some half of its workforce.

“Good enough for government work”, haphazard implementation and best guesstimates have no place in any part of an airline’s operations or maintenance. An airline is one of the most regulated and supervised industries in the world – after nuclear power plants.

It should not be necessary to recount that an owner of almost any business provides the broadest mandates – instructions – to their Board, the Board only slightly less broad mandates to its management, and that unless something goes wrong THEY DO NOT INTERFERE. And if/when something does go wrong it is the job and the responsibility of the Chairman and CEO to face the ownership – and the public – to calm the waters and explain what went wrong.

It should also not be necessary to state that when a company is publicly owned – by taxpayers through the government – transparency is vital, especially when taxpayers are constantly being asked to provide financial support to the business.

Yet LIAT has not made its (audited??) annual accounts – if there are any – available to ANY public entity for over 40 years. Any accountant or lawyer with experience would flag such a failing as an indication that one or more people had been siphoning off (taxpayer) funds for decades, and that everyone from shareholder through Board to executive management had been aiding and abetting in the CONCEALMENT of such activities.

We are finally at a unique crossroads where one shareholder will have the majority, and with that the right and the capability to impose changes on the airline and set LIAT on the right track to break-even, if not head into profitability.

That shareholder (was Barbados, will now be Antigua) has been provided with multiple suggestions as how this should best be done.

Prime Ministers, I put it to you that the current ploy of demanding more money from the LIAT shareholders and LIAT destination governments is NOT the solution to LIAT’s problems.

LIAT’s REAL problems are
1. in appropriate political interference,
2. unqualified political appointees and
3. incompetent management.

It could be said that #2 and #3 emanate from #1 – because if the Board contained anyone who knew a bit about aviation the taxpayers would not now be on the hook for between US$65 million and US$100 million in airplanes (which I understand have now almost ALL been sold to acquire cash to pay the lease-backs – so the shareholders do not now even own the airplanes).

At the time the Trinidadian CEO (as an agent for ATR, improperly) brambled the LIAT Board – as he had (also improperly) brambled the Caribbean Airlines Board before – into buying a whole new fleet of ATRs for US$100 million, it would have been possible to cycle the entire fleet of known, existing, suitable, reliable, hardy Dash-8’s through Bombardier in Canada for all of them to be “zero-timed” for a cost of less than a quarter of that amount, OR to sell them and replace them with more recently manufactured Dash-8s.

AND, a competent LIAT Board would have appointed competent management which would not have needed to sell all of the ATR aircraft on lease-back to replace hemmoraging cash.

Prime Ministers, what LIAT needs is the removal of politics and the insertion of professional competence. There MUST be competence at Board and at management level, with the shareholders at arms-length providing the BROADEST mandate (such as “you must achieve break even or better within a year”), and the Board (also at arms-length) providing more granular mandates – but NOT interfering in the running of the airline.

But what is happening now – the hemmoraging of money, the constant financial demands on shareholders, destination governments, passengers and staff – is 100% unacceptable and can ONLY end up one way, and that is the closure of the airline, whether you want to admit it or not.

At some point the shareholders and passengers will be simply unable to afford the expense, and for sure attacking the staff (again) for the incompetence of Board and management will result in walk-outs – also whether you want to admit it or not.

I ask you to discontinue this political approach to “saving” the airline, and to work instead towards making LIAT a commercial entity.

I also warn you that the continued “soaking” of the travelling public with cash cow aviation taxes and fees will have the same efect – people staying home, because they simply cannot afford to travel regionally on LIAT.

I wish you well, but as a Caribbean professional and an observer in aviation for over 50 years these days I continue to expect the worst.

Yes, as a professional I too am “not impressed”.

Thank you for your valuable time and consideration.

Best wishes,

James C. “Jim” Lynch
Captain, retired
* Originally from Barbados, West Indies

https://www.linkedin.com/in/captain-james-jim-lynch-90892328/

96 comments

  • In a certain sense, LIAT is symptomatic of the entire economic regional incompetence since independence from Britain in the 1960s. They simply cannot manage it. Take a look at the state of development of Singapore around 1960 and now. Formerly a rat hole and now the global star. Then compare Singapore in 1960 and today with the Caribbean. While in the Caribbean the chatterboxes have sunk into the mire of their self-pity, the Asians have worked hard day and night and are now well prepared for the 21st century.

    Liked by 1 person

  • Great article Jim written by an industry insider.

    But as you know the operating environment of airlines especially in North America where you reside is one based on profit generation and shareholder return. The recent acquisition of West Jet by Onex demonstrates this.

    In the Caribbean as you rightfully mention, political interference is the game of the day and problems have to solved with this reality in mind.

    With that said Barbados should play a new kind of politics as the problem with LIAT is there are TOO MANY political masters to satisfy. So Barbados should sell it’s shares in LIAT at a reasonable price and let Antigua manage the headache.

    But importantly it should enter into a cooperative agreement with the government of Guyana (1 master only) so the soon to be restarted Guyana Airways Corp also has a base in Barbados with feeder service throughout the southern Caribbean to feed the BGI hub. Competition for deadweight LIAT. Barbados provides concessions and gets jobs here in a “new” airline that for sure will be capitalized with those petroleum dollars. Only one master to serve and please so easier politically to manage. And you know Barbados can provide traffic and profitable routes for GAC so it’s not a wasted investment for Guyana.

    Forget LIAT…let’s link with Guyana..Future is bright

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  • @ James C. “Jim” Lynch
    Captain, retired

    Your Article is a perfect highlight of ‘Punching Above Weight”, in this case much much dead weight and blubber.

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  • Maybe this is Arthur’s brief.

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  • @ Bajeabroad January 12, 2020 5:54 PM

    So it is. Let the pepper islands sink with their LIAT. They are of no use to us. Our future lies in Guyana, the new Eldorado.

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  • A reminder from the Archive:

    LIAT May Be Doomed; Burden Too Much For Just Shareholder Governments: Barbados PM
    in Travel November 5, 2019
    BRIDGETOWN, Barbados, November 5, 2019 (CMC) – Prime Minister, Mia Mottley, said, last night, that regional airline, LIAT, is doomed if the burden of ensuring its survival continued to rest, only on the shoulders its shareholder governments.
    Barbados is currently the largest single shareholder in the financially-strapped airline. Antigua and Barbuda — which earlier this year was seeking to purchase most of Barbados’ shares — along with Dominica, St. Vincent and the Grenadines and, to a smaller extent, Grenada, are the other governments with stake in the carrier.
    “If you expect the three or four shareholder governments, alone, to carry the burden, then you will end up in trouble each time, because it means that at some point, they are going to make commercial decisions, because there is not a bottomless pit to service it,” Prime Minister Mottley said, when she appeared as a panellist at a CARICOM Secretariat-sponsored town hall meeting on ‘CSME – What’s in it for me?’ at the Errol Barrow Centre for the Creative Imagination, at the University of the West Indies, at Cave Hill.
    “What we have done is to place the burden of LIAT only on the shareholders, without recognizing that routes cannot be sustainable, unless they are either financially profitable or economically desirable,” she pointed out.
    Mottley therefore, reiterated the need for a minimum revenue guarantee (MRG) policy for the Antigua-based carrier.
    Under the MRG, regional governments would guarantee the airline a set amount of cash, if the routes to their countries do not make enough of a profit.
    “If it is economically desirable, then we need to be able have a minimum revenue guarantee, such that once the load factor of particular routes falls below whatever the agreed average is, governments who want to sustain those routes say, ‘I will pay the difference between the two’, as we are currently doing with American Airlines and with Virgin Airways in many Caribbean countries,” the Barbadian leader said.
    Earlier this year, LIAT said it was in talks with various regional governments to try to implement such a policy, that would spread the airline’s financial burden among all the destinations benefitting from its services.
    Mottley suggested that LIAT did not have to be doomed, however, if the right approach was taken.
    “I believe we can solve the problem, but it is going to require us coming together and agreeing. And, in fairness, we tried to, but all of the stakeholders were not necessarily on the same page, earlier this year. I trust and pray that we can find the common ground for all of the stakeholders because, while LIAT 1974 Limited may not be a viable proposition, reasonable, affordable, reliable air travel is the prerequisite for the growth of this region,” she posited.

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  • Agree Tron

    We would be rid of that debt and can let Guyana make most of the capital investment. We offer concessions and traffic.

    And the optics aren’t bad as we would be making a deal with a fellow Caricom brother namely Guyana so won’t reflect badly on the CSME King and Queen…OSA and MAM

    Long live CSME…the type that works for us though

    LIAT dead!

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  • I won’t fly that airline if it was free, it’s too toxic with political nastiness.

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  • Tell us how Barbados would be rid of the debt?

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  • This is an archaic view; but I am going to stay outta this one.🤐

    Liked by 1 person

  • @Tron January 12, 2020 5:48 PM

    A very good post. Else where on this blog I have questioned the capabilities of Owen Arthur, a man who was so bereft of ideas that all he could tell Barbadians was sell more land. To put this joker in charge of a commercial enterprise is a blunder of the highest order. He could not even. balance the income and expenditure of Barbados.

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  • The time is long past due that sharholder govt should be told that milking the tax payer to keep that flying Ghost in the air is a dam shame
    I agree with some of Chastanet views in the sense that robbing the tax payer to pay the flying Ghost does not make sense
    The airline should be commercialised and taken out of the hands of sharholder govt.

    Liked by 2 people

  • @ David January 12, 2020 6:13 PM

    Whether you are playing checkers or chess, Barbados stands to benefit in any event.

    Checkers – Barbados would no longer be saddled with having a direct responsibility of having to inject tax payer dollars into a commercially unviable entity know as LIAT. Selling the shares rids them of that responsibility, and we can adopt the same stance as St. Lucia and Trinidad and Tobago…we don’t have to buckle under any MRG requests. What for?

    Chess – Look at the route structure and operating environment of LIAT versus a resurrected Guyana Airways Corp (GAC). LIAT is a regional airline with declining passenger loads because of steep inter-island travel taxes. The net result to Barbados is a declining tourism source and revenue stream. GAC would primarily be servicing international routes where Guyanese are domiciled i.e. New York, Toronto, London, providing another travel option, airlift capacity, route competition and thus more tourism benefit to Barbados than the current trajectory of LIAT ever would. LIAT has been talking about international flights for years, but are in no position to do it.

    Also with Guyana’s development in the next few years, adventure tourism will increase. No need to spell it out here…..who has tourism experience that can capitalize on Guyana’s developing sector? Who can benefit and co-market sun, sea and sand with an adventure package as well to sell another type of travel offering to a visitor to Barbados, which would already have good and cheap airlift into Guyana……endless possibilities and a better scenario than messing around with LIAT.

    Liked by 1 person

  • Who selected this board the shareholders as is the standard policy was the members circulated and voted by the shareholders
    What is Robert Riley bringing to add value his background is oil with a company that he had to do little to make money in addition which company was he involved with to turn around towards profitability
    What are the instructions to the Chairman and what time frame indicated to him to change the direction of the company’s financial and operational fortunes
    Can anyone provide the financials for the company as inherited by this new board

    Liked by 1 person

  • @ Bajeabroad January 12, 2020 8:21 PM

    We have to look at things realistically: The West Indies cannot survive without Guyana. All the figures with their big speeches every year on Independence Day cannot hide this fact.

    Guyana is not a breadbasket, as old Barrow fantasized, but Eldorado. Economic growth in Guyana is expected to be around 86 percent in 2020 alone !!!. Guyana is thus overtaking Barbados. And what are the naïve islanders doing in Barbados? They still think they can get up at 9am, work four hours a day, make big speeches and look down on the Guyanese. Wrong, very wrong.

    In five years, Barbados will be a poor hole compared to Guyana. It would really be time to discuss intensively on BU about the opportunities that Guyana offers.

    Liked by 1 person

  • @ Tron,

    But that is exactly what I am saying. LIAT has nothing to offer Barbados in the long-run. Guyana and its airline does.

    Also I alluded to the fact that Barbados has a role to play in Guyana’s adventure tourism development which will undoubtedly following with the capital that will be available. We have experience in the tourism space atleast.

    If we were smart we would realise this now and start creating those linkages instead of waiting till its obvious but too late

    We have more strategic interest in Guyana on multiple levels not than continuing to fart around with loss making island hopper, cash draining LIAT.

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  • I have no airline experience, but a good read.
    “You don’t do that with your government, why would you do that with LIAT?” I am not sure this is accurate. It seems to me, many of the shareholders within their own administrations, do the same things over and over while expecting different results, or suggesting by ‘forecasts’ they expect different results.
    You will note the GoB became leaders in the failure to submit annual financial reports. Nor are they alone amongs their LIAT shareholder brethren. Political accountability occurs every four or five years on election day.

    Liked by 1 person

  • Guyana certainly is not waiting on any other country within the region to guide it anywhere. Our arrogance is appalling. Even the Guyanese are expressing some concerns about how this “new” wealth will be managed and distributed. Furthermore, on the ground in Guyana , there is a feeling that Guyanese have not always been treated well by other islands.
    It’s time we start solving the problems we have and stop believing that we are here to teach others how to develop when we are daily slipping into serious developmental problems.
    This pie in the sky nonsense that we have some model of development that others must or should follow is nothing more than the brainwashing the Duopoly has been drilling in our heads for the last seventy years.
    We entrusted a man to run our country for fifteen years and now suddenly this morning, we read that he cannot chair the Board of an airline. How beautifully naive some of us can be. One would believe that Arthur has been asked to be a pilot!

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  • Pray tell me what can Barbados teach Guyana about eco-tourism. Pray tell me what is this” adventure tourism” that we are so brilliant at? What are the adventures that we now offer tourists that are so difficult to replicate anywhere else in the region?

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  • @ William

    The average Bajan can not begin to grasp the type of wealth Guyana is about to acquire.

    Think of the Dubai of the Caribbean but with several times the land mass. Once their wealth is properly managed they will be a force to be reckoned with globally by 2030.

    Their focus now will not be on LIAT or any other petty investments I can assure you.

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  • @ John A
    You are absolutely correct. Our pockets simply are not deep enough. I think we need to come down from our high horses and deal with our current reality.
    People come on BU throwing about phrases that they don’t even know what they mean. Absolutely amazing, Trying to give the impression that Guyana waiting on us to tell them how to manage it’s “new “ wealth and how we can assist Guyana. Amazing.

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  • @ Tron January 12, 2020 8:59 PM

    Why all the talk of Guyana saving the day? Let me remind Barbadians of the abject contempt displayed by them towards Guyanese only a short while ago. As some one who is of Guyanese descent ,I am appalled at this unctuous display: it is as though nothing happened. What a hypocritical showing. One should always bear in mind, that one does not know what the future holds.

    Liked by 1 person

  • @ William Skinner January 12, 2020 10:41 PM

    No one here on BU, also not Bajeabroad, believes that Barbados could teach Guyana anything. The Guyanese can at best learn how not to do it, namely to raise self-indulgent chatterboxes, who avoid physical work, babble half the day in the office and cannot solve problems.

    If we are lucky, however, Barbados still profits from Guyana. We could become a holiday destination for the Guyanese. However, for that we need new forms of tourism, for example in the area of adult entertainment and casino. In an emergency case, we have to lock up local pastors who are resisting social progress.

    Furthermore Guyana needs know-how for their own tourism deep in the jungle. As Bajeabroad has recognised, Barbados could make a contribution here. But I am not thinking here of the lazy bums in the state tourism agencies, but of Barbadian private individuals. The usual entrepreneurs, not the naive masses.

    In any case, many Barbadians will be happy in 2025 to clean the shoes of Guyanese tourists.

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  • Guyana has enough problems with thier internal racism that has brought only strife and poverty on the population, especially the Black population…they do not need to import Barbados’ brand of TOXIC RACISM TOURISM to further destroy their social environment and the minds of the most vulnerable.

    ….Barbados needs to flush that nasty brand of PRETEND PROGRESS down the toilet and stop trying to spread it…that backward tourism brand should not be replicated anywhere else across the Caribbean…how can they be proud of a philosophy that is so destructive to black minds and breeds MORE POVERTY, loss of people’s properties…AND LACK OF ACCESS TO THE BEACHES FOR THE POPULI..

    …..if the shite tourism brand they have was so great, they would have been be able to remove the 40,000 vulnerable people they helped put on the poverty line and upgrade them to a much better standard of living, pay down their 15 BILLION DOLLAR DEFICIT over the last 24 years and fix the infrastructure on the island….and would never had NEEDED multimillion dollar SUCKING WHITEHOAX …again..DELUSIONAL PIPE DREAMS…stop trying to spread destructiveness.

    Can’t have that POISON spreading like they did their CORRUPTION….yes, heard recently that they had to kick Leroy Leper out of St. Lucia for trying to INSERT his dirty brand of corruption in a company there, had to tell him, no thanks, GET LOST and don’t come back…….

    experts at being destructive and nothing else…no one wants that ANYWHERE.

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  • @ WURA-WAR-on-U January 13, 2020 5:38 AM

    Without any doubt you belong to the Barbadian establishment that lives in its bubble and does not recognize the great opportunities that Guyana will offer us.

    I predict that Barbados will soon be a tourist destination for wealthy Guyanese.

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  • The taxpayers are being given a double shot of unfair disadvantage in that govt acquires funds drawn acquired monies paid into the treasury from various forms of taxation to help Liat and the flying public across the board is asked to pay excessive fees and airline ticket charges for flying on liat

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  • For those who maybe impressed by some of the most ill informed commentary about Guyana kindly read the following to note that Guyana is not waiting on anybody to teach them anything in eco-tourism. To the credit of @WURA and @ Dr. R. Lucas, they were not impressed but saw the sophistcated drivel for what it was.

    Terra Incognita March 29, 2019
    South America’s small and best-kept secret – Guyana – landed in the global sustainability spotlight overnight when the country was named the #1 ‘Best of Ecotourism’ destination in the world at the Sustainable Top 100 Destination Awards in Berlin.

    Hosted by travel and trade show ITB Berlin on 7 March 2019, the awards recognised “global leadership in offering responsible ecotourism opportunities”, judged based on sustainability success stories from the top 100 destinations. Guyana won against well-known destinations like the Galapagos Islands, Mexico’s Sierra Gorda and Tmatboey in Cambodia.

    While the awards may have put Guyana ‘on the map’ overnight, they reflect the country’s commitment to a much longer-term sustainability journey. We spoke with Nicola Balram, Senior Officer of Marketing for the Guyana Tourism Authority, to learn more about what makes Guyana a true sustainable tourism leader.

    As a normally ‘under-the-radar’ country, what does being named the ‘Best of Ecotourism’ destination mean for Guyana?

    After many years pursuing a ‘Green State’ agenda (Guyana’s commitment to balance economic well-being and quality of life with environmental sustainability), Guyana has been recognised globally as an ecotourism tourism destination and one of the top 10 sustainable destinations in the world. It feels great. The award is helping to raise awareness and focus attention on Guyana.

    Surama Eco Lodge, one of two indigenous community-led and owned enterprises that led to Guyana’s recognition as #1 Best in Ecotourism. Credit: David DiGregorio.
    Being recognised as a leading sustainable destination is both a great honour and a great responsibility. We know we have to continue to advance our efforts to remain one of the best destinations in the world, and we recognise we have plenty of room for improvement in areas like renewable energy in the lodging sector, waste management in our cities, managing the wildlife trade, and adopting alternative mining practices which place less pressure on forests.

    That said, sustainability is not a destination. It is a journey. Guyana is fully committed to continuing down this path. Through inter-ministerial and multi-sectoral collaboration at local, national, and international levels, the tourism sector in Guyana is focused on maximising the positive socio-economic impacts and conservation outcomes related to tourism.

    Can you tell us a bit more about the sustainability success stories that led to Guyana’s recognition? What role did Indigenous community involvement play?

    Guyana was recognized because of its holistic approach to sustainable destination management and development from its national policy for pursuing a Green State Development Strategy and implementing a strategy and action plan centred on sustainable tourism development to integrating Global Sustainable Tourism Council criteria into its regulations and developing ecotourism product.

    The case studies that were submitted that led to Guyana’s recognition for this award were centred on the villages of Surama and Rewa. Both of these indigenous communities own and operate eco-lodges. These world-class examples of community-led and owned enterprises illustrate how entire communities can generate positive socio-economic and conservation outcomes from tourism.

    Rewa Eco-Lodge. Credit: Nicola Balram / Guyana Tourism Authority.

    It’s unusual for a country to win this destination category – what do you think contributed to Guyana’s success?

    When asked about Guyana’s selection as #1 in the “Best of Ecotourism” category, Mr. Albert Salman, President of the Green Destinations Foundation said “The Top 100 Awards Jury was impressed by the dossier prepared by Guyana Tourism Authority for the Top 100-nomination and by the success stories submitted of Surama and Rewa. The Jury also liked that Guyana has a policy of a ‘Green, Inclusive and Prosperous Guyana’ that provides a good quality of life for all its citizens based on a sound education and social protection, low-carbon resilient development, green and decent jobs, economic opportunities, individual equality, justice, and political empowerment.’”

    Guyana is in a unique point in its tourism development journey. While many destinations have chosen to offer a somewhat homogenised tourism product suitable for mass visitor appeal and consumption, Guyana is taking a different path. The Department of Tourism and Guyana Tourism Authority under the Ministry of Business are pursuing a non-traditional path to tourism development through inter-ministerial, multi-stakeholder collaboration and by integrating sustainable destination management and development best practice into all aspects of planning, policy, product, and promotion to realise Guyana’s Green State agenda.

    “Guyana is not a mass tourism destination,” explains Brian T. Mullis, Director of the GTA, “By placing an equal emphasis on increasing the volume of travellers, the value that each traveller represents and attracting travellers who also want to leave a positive impact through their experience, we can leverage market demand to ensure that the tourism sector protects the Guyana’s environments, cultures and landscapes.”

    What does successful ecotourism look like? What do you think are the biggest challenges to achieving it – either at the level of an individual business, destination or nationally?

    The International Ecotourism Society defines ecotourism as “responsible travel to natural areas that conserves the environment, sustains the well-being of the local people, and involves interpretation and education.” Successful ecotourism in Guyana is centred on achieving the same through inter-ministerial, multi-stakeholder collaboration and the resultant tangible outcomes.

    Our primary challenges revolve around the lack of awareness of Guyana in the tourism marketplace, the high cost of getting to and around the country, and the need for improved infrastructure. These realities have also benefited Guyana. No aspect of the destination is “touristy”, more than 80% of our virgin rainforests are intact, and its possible to spot hundreds of wildlife and bird species and have meaningful interactions with indigenous people.

    How has Guyana learned from other destinations? What’s unique about Guyana that other destinations can learn from?

    Guyana is in the unique position of getting sustainable tourism right from the inception. We are focused on implementing well-designed and managed tourism through inter-ministerial and multi-sectoral collaboration at local, national, and international levels. This type of tourism is renowned for its potential to contribute to the preservation of the natural and cultural heritage upon which it depends, empower host communities, generate trade opportunities and foster peace and intercultural understanding.

    Rewa Lodge. Credit: Zachary Johnston.
    At Terra Incognita we like to think of sustainability as a journey in which everyone involved continues learning, adapting and improving. What are the next steps for sustainable tourism in Guyana?

    There are too many to mention, but some of the most important once can be best summarised as follows:

    Educate – Use this recognition and increased awareness platform to educate the world as to what Guyana is and has to offer and further educate our local trade and citizens of the country to support sustainability practices in their businesses and daily lives.
    Improve – Build on practices we already have in place to continue down the right path in destination development, management and marketing especially through collaboration with NGO, academic, government, donor, and private sector organisations and companies that have aligned goals.
    Persevere – Remain laser focused on our goal of maximising the positive socio-economic impacts and conservation outcomes related to tourism and being recognised as a leading ecotourism and sustainable destination.
    If a tourist wanted to find a responsible operator in Guyana, how would they do so?

    The Guyana Tourism Authority has been working to include sustainable practices and requirements in its regulations and licensing process for the local tourism sector. We are working to elevate our sector to be more aware of what sustainable and ecotourism means and how they can best work to ensure that Guyana continues on this path. All of the licensed and recommended tour operators by the Guyana Tourism Authority can be found on our website.

    What might surprise someone who’s never visited Guyana?

    Guyana, by nature, is redefining the meaning of a five star experience. While there are many destinations around the world which boast luxury hotels and renowned restaurants catering to the ever-discerning clientele, Guyana is quickly emerging as the new off-of-the-beaten-path destination for well-travelled travel enthusiasts. Being relatively unknown and somewhat expensive gives rise to the opportunity to have some extraordinary travel experiences that are virtually unheard of today. Like getting to travel great distances without seeing another human in sight, having a natural treasure such as Kaieteur Falls to yourself, or interacting with indigenous locals without the need for a translator. That is what will surprise a traveller most about Guyana. Where else in the world can you have experiences like that?

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  • I live in the 21st century…where racism, fraud, corruption and a toxic racist tourism brand…is 18th century to 1950s

    ……none of which belongs in the 21st century…yall limited intellect negors can see no better way and do not know how to UPGRADE and MAINTAIN ANYTHING…nonprogressive should be your motto.

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  • Can we focus on the issue for a change?

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  • One of the things I do early in the morning is to do a quick scan of Barbados Underground and Barbados Today,
    Then I wish my fellow Bajans a great Day.
    I was surprised that one fellow disliked my greetings, so to him and to you I say

    Have a Great Day Barbados
    Tek dat.

    Continue to discuss the issues facing you.
    No one has all the answers
    ‘Think for yourselves
    As questions
    Give your input

    My greeting goes out to those at home or overseas; B or D ….,
    Have a Great Day Barbados. May you find the road to peace and prosperity.

    Have a Great Day

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  • Have a great day Theo..

    we are all hoping for a new, CLEAN, corruption free beginning, the people, most of whom are now feeling hopeless and are carrying negative, self defeating thoughts because they are so weary of the corrupt who seem to be EMBEDDED in their lives, deserve nothing less.

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  • @ William Skinner et al.

    The post is about LIAT and what do we do.

    We have proposed an idea that we think is workable in the current context of Barbados not being able to afford an ongoing majority shareholder stake in a loss making enterprise as we are broke.

    What is your proposal for that issue?

    Criticism is easy, what specific LIAT solution are you putting forward before the BU readers, let’s see it?

    To answer your other question, yes it is true that some bajans have treated Guyanese terribly, absolutely no doubt or disagreement on that point. But because of this fact are you saying that enterprising bajans should never look to do business with Guyana for this reason? That is a ridiculous assertion. USA and Germany were at war….TWICE, but still find common ground in agreements like NATO and economic trade arrangements. Same can be said of the USA and JAPAN who were mortal enemies towards the end of WW2, but today there are many examples of economic co-operation between these 2 countries. We have to be adults about this.

    Guyana will have tremendous opportunities and like all countries yes it will have its problems. But we would be naive to not look to capitalize on this development both in the case of LIAT as well as broader economic opportunities.

    Once again…..isolationist bajan go it alone HOPE will not solve our problems.

    Like

  • @ Bajeabroad

    First, nobody on this blog will ever refer to me as an isolationlist. I am one of the few diehard regionalist on this blog. Secondly, it’s the leaders of our countries who have taken silly snipes at each otherand their peoples. Nothing to do with me.
    As for LIAT it has been the victim of political skullduggery. With proper management structure and professionalism , it can be turned around. Barbados has benefitted tremendously from LIAT according to Arthur and I agree.
    As I said before hundreds of small businesspersons have been trading with Guyanese and vice versa for decades. We can build on that as Guyana’s forunes increase.
    Finally, when you write, its ideas when I respond it’s criticism. Fortunately I know the difference.

    Like

  • Why cant they sell the airline to a commercial enterprise and the finances used to pay off as much as the debts incurred
    An what ever remains be distributed evenly amongst share holder govts
    There have been so many learned from liat failures that govts should have learned that taking the same road forward would end them in a cul de sac

    Like

  • fortyacresandamule

    @john. You are absolutely correct. Guyana as we speak, so far is sitting on 6 billion barrels of oil with a population of 800 000. That is CRAZY! in a few years time they will be pumping over a million barrels a day. That is over one barrel per capita per day . The highest in the world.

    In around 8-10 years time, they will have the highest income per capita in the americas. Their economic dynamics is going to change big time…. especially around migration. Foreign workers are going to populate the workforce over time. They are destined to be the new Qatar of the americas.

    Like

  • fortyacresandamule

    With Guyana new found wealth, they can more than finance a pancaribbean legacy airline similar like those of the oil gulf carriers. Give caribbean airlines a run for their money.

    Like

  • fortyacresandamule

    If the Guyanese play their card right, they could use some of the oil wealth and diversify their economy especially in the agriculture sector… becoming the bread basket of Caricom. Our food import bill is huge at the moment. I hope they will not succumb to the dutch disease. Opportunities abound for Guyana in petrochemicals, agro processing, smelting, manufacturing, tourism etc.

    Like

  • This noise about Guyana and new found wealth reminds me of someone winning a lottery and all the pretend friends emerging from the woodwork hoping that they would use some of the money to finance a favourite project or “help them out” some how.

    Liked by 1 person

  • @ forty

    They already have moved on the food. Google Sante Fe Mega Farm Guyana. Owned by a Bajan too!

    Like

  • Have you noticed that the Comrade People’s Commissioner has not been doing pro-Venezuela propaganda for some time? Apparently our Most Honourable Prime Minister has silenced him so that he does not further damage our relationship with Guyana.

    Like

  • fortyacresandamule

    @JohnA . Good. They have enough arable land to feed the region.

    Like

  • Remember am only a spectator. Blogmaster can do with this whatever he wishes.

    Like

  • Queen Mia said “LIAT May Be Doomed; Burden Too Much For Just Shareholder Governments”. Being a political leader, Queen Mia knows everything – and yet knows nothing.

    Question: Does Barbados own shares in American Airlines? And, if not, HOW and WHY can American Airlines even fly to Barbados??
    Question: Does Grenada own shares in LIAT? And, if not, HOW and WHY can LIAT even fly to Grenada??

    Does anybody see the parallel?????????????????????????????????????????????????????????????????????

    A COUNTRY DOES NOT HAVE TO OWN SHARES IN AN AIRLINE TO BE SERVED BY IT. PERIOD.

    LIAT provides services to many countries, and not all are shareholders. If any one country is a financial burden, the solution is quite simple – and crystal clear to a COMPETENT CEO – EITHER raise the fares to that country, OR negotiate for that country to subsidise those fares.

    YOU DO NOT WADDLE AROUND THE REGION THREATENING NON-SHAREHOLDERS FOR HUGE SUMS OF MONEY OR THEY WILL BE CUT OFF.

    Queen Mia declared she was wiling to sell all or part of the Barbados shares to Antigua – then her team turned up, demandsd a ransom, and the team walked out when they were denied. Jaysus hairy Christmas, are we dealing with adults here, or spoiled fat little children who need a long hard spanking?

    Apparently LIAT management also do the same thing when negotiating with non-shareholder countries, because instead of coming away with a mutually beneficial deal they end up with no deal at all – or costing LIAT even more than it did before.

    Again, again, again, again, LIAT needs COMPETENT management, not employees who have reached their Peter Principle heights of incompetence. People with global experience. And the LIAT shareholders need to recognise that if LIAT is to be turned around there will be CHANGES. At least initially… WHEN the airline is turned around is will necessarily expand, and anybody laid off will be re-hired.

    Unless, of course, the politicians start to interfere and feck it all up again.

    Like

  • The fastest way for the Guyana government to squander its oil windfall would be to set up money-losing state-owned industries.

    At this stage of our history, West Indians are incapable of managing complex modern enterprises. Every large government-owned production enterprise in Jamaica, Trinidad and Barbados loses money. The bigger the enterprise, the bigger the losses.

    The Guyanese should forget about domestic agriculture, steel, petrochemicals, airlines, hotels, or anything else. The government should invest its oil money in a portfolio of North American and Emerging Market stocks and bonds, and spend the interest and capital gains the portfolio earns. Spending should largely be limited to improving local infrastructure and the education system.

    Which brings us to the subject of money-losing LIAT. If LIAT were privatised, it would become smaller and largely unnecessary, because it would have to raise fares to a level that would prevent most ordinary West Indians from using its services.

    So with all due respect, the retired Captain is not offering up a workable solution to the regional transportation problem.

    Like

  • LIAT cannot be professionally managed in an environment that does not know professional management…

    The list is long

    Caribbean Airways
    BWIA
    Air Jamaica
    Caricargo
    Old Guyana Airways
    Transport Board

    Name just one government run transport outfit around here that was sustainably profitable in these parts

    The new Guyana Airways I am supporting will ALSO be mismanaged but the difference is the new Guyana can afford to. Remember BWIA in the oil money days?

    BW425, 601, 432, 901, 984 All flying thru Barbados before going to international destinations. BGI was effectively a profitable hub.

    The mismanagement will continue. Does not mean we can’t benefit while the opportunity lasts

    Like

  • The fact that we can point to a lot of losses in state entities does not mean they cannot be managed effectively. The insurance corporation of Barbados was a highly professionally run state entity. The Barbados National Bank was professionally managed by public servants. Before the cesspool of Duopoly politics took deeper root, the Barbados Industrial Development Corporation had a good track record. The Tourist Board in days of yore was also professionally run by Bajans.’The decay set in when the Duopoly got more and more corrupt. There was a time when the Transport Board was the envy of the entire region.
    The country is suffering from massive incompetence bred by corruption and two political parties that have morphed as one and have succeeded in systematically destroying the state.
    To say that we cannot manage anything is blatant nonsense but then again to hide behind their inept political masters in the Duopoly some on this blog will say anything absurd rather than face the truth. Then they say they love the country when in natural fact all they love is the cool aid served in George and Roebuck Streets.

    Liked by 1 person

  • Wunnuh could talk some bare shyte, doah.

    “LIAT cannot be professionally managed in an environment that does not know professional management.”
    Wait, you from St. Lucy? What kind of brassbowl bullshit nonsense is that?

    LIAT HAS_BEEN professionally managed in the past, and can be again. Feck me, Sir Frank Delisle was a professional and it ran well under him. So was Courtline, until the unforeseeable oil crisis hit.

    So much diarrhea running down this avenue I don’t think I am coming back to this thread. No clue about airlines, but wunnuh is experts – maybe you should be in politricks, where it is ALL bullshyte and no substance.

    I. Gone.

    Liked by 1 person

  • Stop living in the past guys. The environment’s you describe no longer exists. Nostalgia is great and all but does not pay the bills.

    Before we can fix a problem we have to be honest with ourselves about current situation.

    It is pure fantasy to think LIAT in its current form would not be subject to political interference.

    Truth is hard to swallow. I get it. But I bet you in 9 months time it will be same old same old.

    Like

  • @ William Skinner

    Haha you just proved my point and did not even realized it. Slow down and assess.

    All of the companies you mentioned are based in a SINGLE island. That was EXACTLY my point. That even with the reality of interference you stand a better chance with an organization controlled by a single entity than a pan Caribbean political mess that we have today. In today’s environment LIAT would NEVER function professionally.

    Geez guys just look at the CCJ…we can’t even collectively agree on that across the region and we have a ton of legal experts amongst us

    You all really living on hopes and dreams only. Need to manage in the real world

    Like

  • @ Bajeabroad

    You put the Transport Board in there. There is nothing wrong with the CCJ it is functioning quite well and eventually all will be on board.
    The Caribbean Development Bank is perhaps the only bank that we can get money from now.
    TheUniversity of the West Indies is still standing.
    Caribbean Airways was owned by one European man not the Caribbean governments. That was a peculiar arrangement hatched by Barrow.
    The Caribbean Tourism Organization is being run by Caribbean technocrats;
    You and others are impeding regional progress by pretending that these islands are filled with nothing more than neophytes . That is not true. Let us have a positive discussion and stop pretending that nothing works in the region. Why then is our PM accepting the chair of CARICOM.
    There are several regionally integrated projects that are professionally run and working.
    All of this hot and sweaty talk about Guyana is laughable.
    Imagine people come on BU spouting about us helping Guyana with “ adventure tourism “ without understanding what that means and then we were going to invest in “ jungle tourism “. They did not even know that Guyana is way ahead in eco tourism and community tourism until their alarming lack of information was exposed in one single article.
    Please do some research on regional projects before coming on BU spouting off that there is no “ professional management environment “. We have very young people throughout the region who making company presidents long before age forty. Have you heard about One Caribbean Media?
    I can go on but I hope the picture is clear. Please don’t fall victim to those on BU who consume endless cool aid and litter BU with pure waffle in defense of their Duopoly masters.

    Like

  • Let’s all revisit this topic in 9 months and see what’s the reality…

    The truth always comes out

    Like

  • @ Bajeabroad

    Always willing to engage ideas and not personalities, I realise you are an ideas person. Let’s hope for the best. We have to think about future generations.

    Like

  • @jim
    “Wait, you from St. Lucy.”
    Really?

    Like

  • “Former Speaker of the House Michael Carrington, who is also an attorney, and one of Inniss’ brothers arrived around 11 a.m.”

    oh shite…lol

    Like

  • I read this post as saying that the Airline should be managed by the staff. The shares are for sale, staff should seek the requisite funding and buy the shares, taking a controlling interest in the enterprise. Thereafter, staff is free to implement the management proposals the writer favors.

    Like

  • How does a guy like Jean Holder end up as the (allegedly) meddlesome board chair at LIAT?

    Because there is this pervasive attitude among West Indians — and not just the elites either — that if you’re a “bright” student who attended a good university, you should be able to manage just about any organization out there.

    Holder is a Barbados scholar who graduated from Oxford University with a degree in some useless subject. He was then trained as a diplomat, and had a reasonably successful run in the top job at the Caribbean Tourism Research Centre.

    The problem we have as West Indians is an insufficient understanding of just how demanding management, and management oversight, can be.

    While some people have the instincts, discipline and judgment to be good managers, most of us need to go to business school, and then study the subject for many years by keeping up with the academic and professional literature. Otherwise, given our limited experience of the world growing up in tiny Caribbean islands, we just can’t cut it, either as corporate executives or as corporate overlords.

    Like

  • WARU,

    You cannot expect them to behave. The leap of civilization from plantation to parliament in two, three generation was far too great. I have seen with my own eyes that they cannot even eat with knife and fork.

    Like

  • And the defense for inniss says

    “The government is saying something about a bribe, but they have to prove it and prove it beyond a reasonable doubt. This case is about politics 2000 miles away and you are going to hear about a powerful organisation that collected profits long before Inniss came into office,” Ricco said.
    Xxxx_—”——-‘—Well….welll

    Sumbodys must be s.hitying them pants or panties

    Like

  • je suis en vacances..

    Like

  • (Quote):
    Former Speaker of the Barbados House of Assembly and Democratic Labour Party (DLP) colleague Michael Carrington, also joined the proceedings during the day. (Unquote).
    +++++++++++++++++++++++++++++++++++++++++++++++++++++

    Bajan ‘bent’ black birdies do like to flock together (even in the cold) especially when they were hatched in the same ‘withering’ tree on George Street.

    Is this the Bajan meaning of the French term: “Un pour tous, tous pour un”?

    Where is that other dodgy low(e)down mosquito when his presence is needed most to bring closure to this seemingly obvious case of “guilty by association”?

    Like

  • A blackbird will be singing
    All my widows are opened
    I am all but ready to take a front seat row

    Like

  • @ MariposaJanuary 14, 2020 8:46 AM

    The only song that ‘single’ blackbird will be singing is: “That’s What Friends Are For”.

    It was your boss-man Fumbles who threw his disloyal compatriot from the republic of St. Philip under the bus for being a cantankerous surly and disruptive ‘team player’ in his crooked cabinet of musket-carrying powder monkeys who made up the crew on the ship which governed Barbados from 2010 to 2018 and sailed her right into the waiting and welcoming clutches of the loanshark called “It (was) My Fault”.

    Like

  • Mari

    Politics and a powerful organisation????

    Hmmmmmmm………

    After all, it’s evident you’re involved in politics and I remember you saying “you duz manage a large organisation.” So, de “sumbody (dat) must be s.hitying them panties” could be you.

    One of your guys is now in a US Court fighting a money laundering charge and, perhaps in an effort to take the focus off him, it seems you’re now attempting to imply some of your political opponents may be somehow involved well.

    Despite how many times you and other apologists want us to believe there are fundamental differences between members of both BLP and DLP, you’ve essentially proven Mr. Skinner and Miller have been “spot on” all this while.

    The duopoly rules.

    Hahahahahaha…….

    Like

  • ” subpoenas were served and two search warrants were executed in relation to Inniss’ email addresses.”

    The reach of the US Department of Justice is very long.

    Guvmunt ministas and corporate big ups in babadus musse shiiting duh undawears.

    Like

  • Sum a dem maguffees wid florida an new yawk real estate could have some splainin to do effin duh ent squeaky clean.

    Like

  • “Holder is a Barbados scholar who graduated from Oxford University with a degree in some useless subject. He was then trained as a diplomat, and had a reasonably successful run in the top job at the Caribbean Tourism Research Centre.”

    The Barbados Government Civil Service is peppered with high-up people who have third and fourth degrees, so much damn edumacation they are functionally illiterate and can do NOTHING. But dem hab plenty Surtiffikits so dem does gets de jobs – and does achieve nuttn fuh de ress a dem lives.

    Politicians are the scum of the earth – and it is themselves who made it so.

    Like

  • It’s a tragedy. The whole world is looking at New York. So what are we gonna do? Commentators on BU are thrashing Mia Mottley, Dale Marshal, Enuff and Lorenzo, while in New York the whole system of blue slave drivers is being indicted.

    No wonder they criticize Tron because he doesn’t believe in the “complaint”. I wouldn’t be surprised if the Americans ignore this relic of white supremacist rule that black lawyers in Barbados cling to like the nun clings to the Bible. It must be some kind of Stockholm syndrome.

    Like

  • “No clue about airlines, but wunnuh is experts – maybe you should be in politricks, where it is ALL bullshyte and no substance.”

    Amen!!

    Like

  • Wuhloss..Dale Whistleblower just threw Donville head-first…LIVE…under the bus, in parliament, looks like Donville alone was the corrupt criminal organization in Barbados…according to Dale…..A ONE MAN CRIME WAVE…

    Looks like Donville is going to have to take some jail for his partners…alyuh sell out yya own people and now ya selling out ya partners in crime…

    who is surprised..

    when i see anyone one of you …I WILL RUN LIKE HELL.

    Like

  • Ah hope Donville has the stamina to SERVE A 10 OR 20 YEAR PRISON SENTENCE…..cause he already looks like he is SHRINKING AWAY..

    Like

  • Ah hope all the other members of that CRIMINAL SYNDICATE in parliament, bar association and Supreme Court are taking notes and noticing that they too will be thrown under the bus and run over a few times by their fellow criminals….soon Enuff.

    Like

  • Ah wonder if they got the memo yet that DONVILLE IS NOT GOING DOWN ALONE.

    They all committed too many crimes against the people. And ya see that Money Launderer’s Inc VIDEO from the parliament, well we made sure it hit every part of Brooklyn and Queens. Yes we know where to find the Bajan community. YOU THIEVES.

    https://m.facebook.com/story.php?story_fbid=1225422071000663&id=100005986451739

    Like

  • They are all so corrupt. Criminal Syndicate & Co. This is a sitting Judge always accused of corruption and they all know it so no integrity legislation for the Judges. Corruption in the supreme court will be still intact.

    http://www.ipcommunity.org/MemberDetails.aspx?MemberID=47547&Name=Olson-Alleyne-%26-Co.&City=Bridgetown&State=&Country=Barbados&PracticeArea=Patent

    Like

  • fortyacresandamule

    @Ewart. Your republican-styled conservative bias has bequeathed to you a tunnel vision mode of thinking. Guyana has various models to choose from. Norway’s statoil, is a major investor in Norway, outside of their souvreign wealth fund. Norway, didn’t just depend on selling raw crude. They diversified the oil sector and the economy overall by investing in various commercial venture. In other words, they didn’t rest on their laurels waiting for outside investors. Pumping crude by itself does nothing for value addition or job creation.

    Trinidad has transition from an oil economy to gas in the 90s. However, it was the Trinidad goverment having the foresight to invest in the petrochemical industry ( Phoenix park, Point Lisa industrial complex, and gas pipelines). NGC, out of Trinidad, is one of the most profitable public companies in Latin america and the caribbean.

    Liked by 1 person

  • fortyacresandamule

    Air Jamaica was loosing money prior to privatisation in 1993. However, after ten years of private ownership, its accumulated losses were much worst prior to the years of privatisation.The stupid goverment of Jamaica then take back the airline from the Butch Stewart-led group with all the massive debt on the books. Go figure.

    Liked by 1 person

  • fortyacresandamule

    Guyana should use her oil money to diversify and industrialize her economy. Even tiny Bahrain has a robust petrochemical industry. By 2025 the government of Guyana is projected to collect oil flow revenue of US$ 5 billion.That’s more than the GDP of BIM. The government should set up two funds like norway. One for domestic investment and a saving fund for future generations.

    Liked by 1 person

  • Vincent Codrington

    Backward and forward linkages in the production chain. Very interesting projection.

    Like

  • fortyacresandamule

    It takes jutzpah to tell me how profitable Trinidad’s state-owned petrochemical businesses are. At the very least, your statement is misleading.

    I don’t have access today to the financial reports for the particular businesses you referenced. But I know that nearly all state-owned enterprises in Trinidad are losing money. Every year, the state-owned sector as a whole, which consists of more than 60 major companies, loses more than TT$2 billion, according to the newspapers.

    Like

  • New Chairman or not St. Lucia is not budging in the issue of contributing to the coffers of LIAT.

    Like

  • @ January 15, 2020 6:10 PM

    And PM Chastanet is right to maintain his country’s position on LIAT.

    No financial contribution to bail out LIAT until Browne ejects some of the Head Office flotsam and jetsam from the sinking airship stationed at ANU.

    Let OSA be the messenger to take back this sine qua non for the survival of LIAT to his new boss.

    Like

  • I totally agree with PM Chastenet,

    Hard decisions have to be made in the interest of your country and at least he had the balls to do it with LIAT. We should absolutely do the same in Barbados. The definition is insanity is well known so let’s not keep repeating the same approach and looking for a miraculously profitable result.

    As a fellow pilot, I love the nostalgia of old BAC 111 and HS748 photos against the backdrop of a Caribbean sky or shooting ILS approaches down to minimums. But as an entrepreneur, sticking with a political football like LIAT is the fastest way to continue throwing money down a bottomless pit.

    Let’s move on

    Like

  • “And PM Chastanet is right to maintain his country’s position on LIAT.”

    Miller

    The St. Lucian PM’s decision should not surprise you.

    Chastanet has been consistent in his criticisms of LIAT and supporting the need for competition in the region. I recall in 2010 when he was tourism minister, he was critical of LIAT’s airfare structure, saying he not seen any major strategic changes in airline that would result in reduced prices to regional travellers. Chastanet continued articulating his position while in Opposition, when Dr. Kenny Anthony was PM….. and now as SLU’s PM.

    As at November 16, 2013, the Government and people of SLU owned minority shareholdings of 1.11% (EC$6M) in LIAT. I’m not sure if the percentage of those shares has increased.

    I believe it’s about time the shareholders should solicit investment in LIAT from regional investors, allowing it to become private sector regional airline, operating on a commercial basis and being responsive to market demand, with the objective of achieving long-term profitability.

    Like

  • fortyacresandamule

    @Ewart. Misleading what? You are deflecting. I was referring specifically to the National Gas Company of Trinindad (NGC) and Trinindad petrochemical industry overall. The NGC is a very successful public company. Don’t take my word fot it. Do your own research. Every year the company make super profits, even though the gas they sold to some industry is subsided. If the former Petrotrin refinery was run like NGC, they would have been a successful entity also. NGC is not hampered by union politics and a bloated wage bill.

    Like

  • @ Artax January 15, 2020 8:46 PM
    “I believe it’s about time the shareholders should solicit investment in LIAT from regional investors, allowing it to become private sector regional airline, operating on a commercial basis and being responsive to market demand, with the objective of achieving long-term profitability.”
    ++++++++++++++++++++++++++++++++++++++++++++++++++++

    Agree that more private sector involvement is required in the ownership and control of LIAT (or its air transport equivalent) which is a vital engine to the success of the tourism industry or travel within the sub-region.

    Why can’t the likes of Maloney put their money and business acumen where their hotel building mouths are?

    The same way these governments can brag about the new model of “PPP” business operations, as in the case of the GAIA (and soon the seaport) why not ask the region’s kingpins of business to lend a helping hand in the rescuing of LIAT.

    Then we will know whether these so-called business tycoons of the sub-region are real patriots keen on seeing the region prosper or they are simply a bunch of parasites always sucking at the nipples of taxpayers-funded State “welfarism”.

    Like

  • fortyacresandamule

    @Miller. That’s asking way too much from these private sector actors, who are mainly rent-seekers and risk-averse at the same time.

    With that been said, running any airline business is not for the faint-of-heart. Very deep pocket is required. The joke about the quickest way to become a millionaire if you are billionaire is to venture into the airline industry holds a lot of truth.

    Like

  • A welcomed intervention by Chairman of LIAT Owen Arthur heard on VOB this afternoon.

    Like

  • fortyacresandamule

    You are being misleading, trying to trick low-information folks into believing that Trinidad has many profitable, state-owned companies in oil, gas, and petrochemicals.

    That is FALSE

    OIL INDUSTRY
    Trinidad’s oil production and refining industries were developed by foreign companies (BP, Shell and Texaco) which were all highly profitable and successful. But, between 1969 and 1985, the Trinidad government nationalized the oil industry, forcing BP, Shell and Texaco to turn over their assets to the state-owned TRINTOPEC and TRINTOC. By 1993, both of these state-owned Trinidadian companies were drowning in debt from their financial losses, and were replaced by another state-owned company, PETROTRIN, which also failed and was closed down in 2018.

    NATURAL GAS
    Trinidad’s nat gas industry is run by private sector firms. The only major state-owned gas company is a pipeline company, the National Gas Company (NGC) that you have spotlighted.

    NGC is a middleman. It buys gas from foreign companies in Trinidad which do the heavy lifting of finding and producing the gas. It then sells this gas to other, mostly private sector petrochemical companies. An easy business and, yes, profitable.

    REPEAT: In Trinidad, most gas and petrochemical companies are foreign companies, not state-owned companies. Whenever the government has tried to lead the effort at industrial diversification, it has failed. The biggest government failures were the bankrupt oil refinery at Point-a-Pierre and the bankrupt Iron & Steel Company of Trinidad & Tobago at Point Lisas.

    Like

  • fortyacresandamule

    @Ewart. You are a very dense fella. You cannot dispute the success of NGC and its success in monetising the gas economy. Instead you are deflecting all over the place. Carry on.

    Like

  • fortyacresandamule

    You are the dummy.

    I just explained to you that the humble role NGC plays in the gas and petrochemical industries of Trinidad is as a transportation company, delivering natural gas by pipeline from (1) the private companies that explore for gas, drill wells and bring the gas to the surface, and (2) the private companies that convert the gas to ammonia, methanol, urea and other products.

    Just as you pay a taxi driver to take you from one place to another, private companies pay NGC to move gas from the well head to their petrochemical plants.

    That is a trivial business. And it generates only a tiny share of the profits made from the nat gas industries of Trinidad.

    Like

  • Can you guys avoid ad hominems?

    Like

  • Right on the heels of a new board
    Chastanet reinstate the obvious

    investing in LIAT
    SHAREFIL GAILLARD CREATED : 15 JANUARY 2020CARIBBEAN NEWS

    Prime Minister Allen Chastanet has maintained his position in not supporting the cash strapped regional carrier airline LIAT despite the airline’s new Board of Directors and chairman.

    St. Lucia has rejected calls in the past to invest in the carrier and refuses to do so unless the airline addresses its deficiencies.

    “Unless LIAT undergoes some critical changes to improve its financial situation, Saint Lucia will not be investing in the carrier,” Chastanet said.

    In December 2019, eight directors were selected to join new LIAT Chairman, former Prime Minister of Barbados, Owen Arthur, to help restructure the entity.

    Antigua and Barbuda Prime Minister, Gaston Browne, has welcomed the appointment of former Barbados leader Owen Arthur as the new Chairman of cash-strapped LIAT and believes under his leadership, the airline could be headed in the right direction.

    “I think that Prime Minister Arthur is a very capable person, he was one of the key architects behind the expansion, the resurgence of LIAT when he was prime minister and there are some new board members as well. Saint Lucia’s commitment is always there on condition that we see that there is a growing concern that we can invest in,” Chastanet told reporters.

    “We have to be satisfied that the tough decisions that have to be made in LIAT are going to be made,” he added.

    Saint Lucia according to Chastanet remains hopeful that something positive comes out of the newly installed board of LIAT.

    “We will wait to see what Mr Prime Minister Arthur will be able to achieve and if in fact, he can make the structural changes that we think is necessary at LIAT, then we will give thought to making an investment,” he declared

    Like

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