Shareholders, Directors and Defacto Directors Should Pay LIAT (1974) Ltd Debts

Submitted by Jolly Green

LIAT has been traded for many years while making massive losses, and those losses were compounded by the gigantic taxes lodged against local air travel by the shareholder governments, despite many warnings about the excessiveness of those taxes. But each time LIAT got into financial difficulties, the shareholder governments put money in to make up the shortfalls. Which meant staff wages got paid, along with creditors. So, people stayed with LIAT, because they knew, or thought they knew that the shareholders would always bail out LIAT. Everyone thought their job was safe, and the creditors thought their money was safe. But LIAT was bought by the shareholders as an insolvent company and was knowingly traded by them ever since as an insolvent company. Now when it suits them, they want to walk away leaving a trail of debts.

The employees and creditors of LIAT were lulled into a false sense of security for many years past. I remember in 2013 a Bajan lady journalist called Beverly Sinclair, interviewed prime minister of Saint Vincent and the Grenadines Dr Ralph E Gonsalves. She did so on a range of issues, including LIAT, in which St. Vincent and the Grenadines, Barbados, Antigua and Barbuda, and, to a lesser extent Dominica, are the major shareholders.

Gonsalves who was then and is now the Chairman of LIAT’s shareholder governments he was or is also CARICOM’s lead spokesperson on air transport. Therefore, people would expect to be able to believe any statements a man described as the Honourable Prime Minister of SVG made as head of authority in both those positions. He was the man who everyone regarded as the spokesman, the leading authority even, for both CARICOM and LIAT on matters of local and regional air travel.

Gonsalves always had plenty to say about everything, and he certainly had plenty to say about LIAT. He must have had the full backing of the shareholders and CARICOM because none of them objected or protested at the statements he made or the actions he took, he was acting on their behalf as their official spokesman, administering their policies.

LIAT had made more massive losses, and the shareholders were putting in more money to keep it running. In the interview, Ms Sinclair opened with “It is generally good business sense to only invest in viable enterprises.” Gonsalves seemed to be unsettled by the question. But he argued that more countries needed to invest in LIAT.

To which she replied, “But, Dr Gonsalves, if you have a business and you are asking investors to come and put money in it, it should be a business that’s viable.”

Gonsalves reply may surprise many people now because it did then. “With respect, you completely misunderstand air transport.” “Ma’am, ma’am, ma’am, you completely misunderstand regional air transport.” She then accused the Prime Minister of assuming what she knows.

In his usual belligerent way, he went on to say “From that comment. Let me tell you why you don’t know. You don’t know because air transportation inside of the eastern Caribbean is not anything of the luxury type of investment. It is an absolute necessity — an absolute necessity for islands”. He further stated that when his Unity Labour Party government decided to invest in LIAT shortly after coming to office in 2001, he told Parliament that he was investing in an insolvent company.

There, right there, is the killer for Gonsalves ‘he told Parliament that he was investing in an insolvent company’. Because now he has told everyone he invested in a company knowing it was insolvent.

Gonsalves told Ms Sinclair that he told lawmakers then that if LIAT didn’t exist, it ought to have been invented “and that the important thing is for us to get involved in that company, put money in it to try to make it better”. He said that “until this recent problem, we have made LIAT better than what it was in 2001.

Gonsalves continued “This is why I make the point with crystal clarity. A regional airline of this kind, this is not anything which is going to make money. This is a service that must be provided, and we seek, if we can break even with this service, fine. But you cannot make money out it.”

So, there was an admission that they continued trading LIAT, knowing it was losing money, hoping it would break even, but not expecting to, reflected in his nonchalant style of reply. Gonsalves said that the same investment criteria as for a hotel or a beer factory could not be used in relation to regional transport.

All this supportive rhetoric by Gonsalves built false confidence in all the creditors and employees, much as I suspect it was designed to do.

Please read the whole article; it was a sterling piece by IWitness News SVG and will be a significant contribution to the historical records of SVG and the region. Be sure to read the comments they are all exposing and genuinely relevant.

Under the direction of Dr Ralph E Gonsalves, PM of SVG, who is also Chairman of the Shareholders, spokesperson and for CARICOM on air transport. LIATS shareholder governments have been directing LIATS board of directors for years, the directors with the full knowledge of the company being insolvent, they have been trading the company while insolvent.

Therefore, the directors and certain politicians from shareholder government who have proven to be, and acted as de-facto directors, may perhaps be held in law responsible for the debts, due to knowingly trading the company and in doing so incurring further obligations, liabilities and debts. Misleading the public, the staff and workers of LIAT and all the creditors, including the bankers and aircraft lessors into believing the shareholder governments would keep funding LIAT whenever they got into financial difficulties. So, unless the shareholder governments announce they are paying all debts in full the shareholders, directors, including de-facto directors, should perhaps be held liable and responsible for paying all debts in full and sued for the same by everyone who lost money in LIAT.

Talking of de-facto directors, perhaps we should also remember the hiring of Jean Holder, who did that? The buying of new aircraft which at the time everyone said were an unsuitable choice, who approved that? Was it the board of directors or the Chairman of the shareholders?

There is so much written about who said what out there that it would take a hundred pages to list it all, I could do that, and perhaps I will, at some other juncture.

What I am saying is that the shareholder governments cannot hide behind liquidation, where everyone loses money except them. They are the culprits in trading while insolvent and as such are responsible for the losses. They acted as de-fact directors. They provided the mouthpiece that fooled creditors and employees, so they should pay up.

As the director of an insolvent company, you have specific duties and responsibilities you must meet. If you fail to uphold those responsibilities, then you could be accused of wrongful trading and held personally liable for company debts. Engaging in any of the following practices while you are in control of the affairs of an insolvent company will significantly increase the risks:

Carrying on trading with no intention of repaying

You must not continue to enter new contracts and trade when you know you have no reasonable prospect of repaying your creditors.

Attempting to repay debts through fraudulent means

If you try to repay debts through dishonest transactions, you cannot fulfil or using misleading information to obtain loans; then you could be convicted of fraudulent trading. Unlike wrongful trading, fraudulent trading is a criminal offence that could lead to a custodial sentence as well as personal liability for company debts.

Selling assets for less than market value

You might think that selling assets at a reduced price to raise funds quickly and repay your debts would be an accepted practice. However, it could lead to your creditors receiving less of the money they are owed on liquidation. The court can reverse such transactions and order you to refund the proceeds of the sale.

Repaying some creditors and not others

Company directors are obliged to act in the best interests of the creditors. Making payments to some creditors, and not others are called showing ‘preference’. As an example, you may choose to repay a personally guaranteed loan or pay a supplier you know personally. The court can reverse such payments and order the creditor to refund the money.

A Danger for LIAT creditors

A possible danger for the creditors of LIAT, one and all, is that some of the shareholder governments leaders control the insolvency laws in their own countries. Some [at least one] have even been known to make or alter laws [not insolvency laws] overnight which could protect themselves, colleagues, and wrongdoers. Taking the bill to Parliament in the morning, giving it three readings, and then walking away, and allowing others to do the same, scot-free of any liability, or prosecution under the law. That was when the honourable went in a different direction.

151 comments

  • Listen to Prime Minister Gaston Browne, minority shareholder in LIAT.

    [audio src="http://www.vob929.com/wp-content/uploads/2020/07/DBTJUL06-01.mp3" /]

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  • Now this I can agree with.

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  • Gaston Browne made a valid observation.

    Covid pandemic exposed LIAT because shareholder governments cannot afford to honour the perennial call for bailout funds.

    Liked by 1 person

  • Page seems to have been taken down, did you get a recording of it David?
    http://www.vob929.com/wp-content/uploads/2020/07/DBTJUL06-01.mp3” /]

    It is not the workers or creditors problem that the shareholder countries do not have the money, that makes them no less liable. If they cannot pay, the Directors, Defacto Directors and anyone who personally directed the directors of LIAT will lose their homes and property, and rightly so. Why on earth should the employees and the creditors lose out because of what others did.

    Liked by 1 person

  • Sorry its working now

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  • Jolly Green has to come to terms with the LIAT liquidation. LIAT was a typical state airline, in this case a charity for lazy islanders with a personnel overhead of 500%. You don’t need 1000 sleeping employees to operate 10 mini planes.

    I therefore fully support the position of our Most Honorable Prime Minister Mia Mottley. If King Gaston still wants LIAT, he will have to pay for it himself.

    Nevertheless, one comment is correct. The regional governments of the Pepper and Pirate Islands are strangling the aviation industry with excessive taxes. But that should not surprise us either, because they have to feed their labour-shy population on their overpopulated islands.

    Liked by 1 person

  • TronJuly 8, 2020 11:33 PM

    True in a few points, but wrong on others. The population is not labour shy. The real problem is that there is no alternative work. If you think that islanders will not work, you have ‘worked’ alongside with the wrong ones or you are actually an owner and operator.

    The problem of no work is because the islands import too much crap from overseas. We have discussed this at length years ago on these blogs.

    Sarah Lee cake mixes and such like stuff, because it is NOT food, made in some factory in the East, with a US label and the idiots buy it.

    Nasty cancer causing crap. Use local flour, eggs and cane sugar to make a nice cake.

    That is only one silly product in the supermarkets. Bajans need to buy local. Healthier and providing local jobs.

    Furniture that breaks in three days, crap product going as food, trinkets. Stop and buy local, create local jobs.

    On the airline, that should be privately run, but you are right, each guvment wants a piece of the pie and them want them galfriend to get a pick. Too much hangers on in the hanger.

    That is the other problem.

    Liked by 1 person

  • Open to LIAT talks

    Shareholders meeting next week on Antigua’s rescue plan

    by COLVILLE MOUNSEY CHAIRMAN of LIAT’s shareholder governments, St Vincent and the Grenadines’ Prime Minister Dr Ralph Gonsalves, says they are open to hearing plans to salvage the cash-strapped airline to be outlined by Antigua’s Prime Minister Gaston Browne next week.

    However, Gonsalves, in an interview with the

    DAILY NATION yesterday, put his Antiguan counterpart on notice that his plan must be an “extremely good one” in order to get shareholders to reverse course on liquidating the heavily indebted airline. He also revealed that a liquidator had already been named, which would be made public at a later date.

    “Gaston is my friend and we share a different view. He has asked for a meeting of the shareholder governments next week because he said he has another plan. I spoke to Prime Minister Mia Mottley and she has no problem in hearing the alternative to liquidating the company. However, that plan has to be an extremely good plan and it has to be a realistic one as well. The fact is that the math is clear. Once Prime Minister Mia Mottley said that Barbados, which owns 49.7 per cent of LIAT, has no more money to put into the airline, that was the end of the road. So that is that.”

    In an address to the Antigua and Barbuda Workers’ Union (ABWU), Browne outlined details of his plan, noting that some creditors already seemed amenable to the terms.

    “You are better off having some pain rather than having parts of your body amputated. So, for example, it requires a haircut, that is, for the reorganisation to work. It requires a haircut by all creditors. So, we are asking staff to take a 50 per cent haircut. We are asking the shareholder governments that are owed tens of millions of dollars to take a 100 per cent haircut, that is to write off all of their liabilities.”

    Browne also charged that Barbados was using its majority shareholding to impose its will on the minority shareholders.

    ‘Barbados benefited’

    “The issue here is that LIAT would have moved in the region of about 700 000 individuals per year to Barbados . . . and when you look at the amounts that they charged for their head tax and even the spend in Barbados, I guarantee you that Barbados would have gotten the majority of the benefits of the operations of LIAT. But yet they are trying to use their majority shareholding position to run roughshod over other shareholders, minority shareholders, including Antigua and Barbuda,” he said.

    However, Gonsalves said nothing could be further from the truth and in fact at the meeting at which the call was made to dissolve the airline, and at which Antigua was present, the decision was unanimous.

    “At that meeting, nobody indicated that they had any money to put in. So, if Gaston wants to start an airline with his government and other governments and the private sector, that is fine . . . I am a process man and as the chairman of the shareholder governments, I received a resolution from the board of directors, and they recommended the liquidation of the airline. When I received that, I was dutybound to call a meeting of the major shareholders, which is what I did.

    “At that meeting, the board of management presented the financial condition of LIAT and the issue of winding up, liquidation, and to make arrangements with creditors. That agenda was unanimously adopted by the major shareholders and conclusions of that meeting were all agreed upon. So that is what I am proceeding with,” Gonsalves said.

    He revealed that steps were officially taken in the liquidation process as of yesterday.

    “Persons of maturity, of reasonableness, of honour, can disagree as to the way forward. As the major shareholder, Barbados was charged with the responsibility to name a liquidator and I got that name yesterday. I don’t know what other governments intend to do, but I am pretty certain about the position of Barbados and I know what the government of St Vincent and the Grenadines’ position is regarding the immediate provision of air transport for the sub-region.”

    Source: Nation Newspaper

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  • When you have a crook like maloney on Liat’s board for years placed their by one or the other corrupt governments and then there were a bunch of politically appointed idiots polluting everything regarding the airline years before that, that Bajan dude who was there as CEO or Chairman or whatever i believe, for years on end while everything steadly degraded …how did you expect any of this to end……check the airlines who are now rushing to take Liat’s place, check out who their owners/business partners and directors are….do some due diligence….

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  • If Barbados has no more money to put in to the insolvent airline, then it can raise money from the other shareholders or externally and dilute the Barbados shareholding.
    But is it too late for this?

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  • Hal AustinJuly 9, 2020 5:38 AM

    If the company continues the old ways, it cannot survive without Barbados et al. No investor will put money into its current business model. It is finished.

    Liked by 1 person

  • Of course it is too late. Barbados government asked for 60 million last time the issue came up, o liquidate the company given the paucity of assets to cover liabilities they will probably get nothing.

    What a mess.

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  • @ Crusoe

    I agree, but other questions bother me. It is illegal for an insolvent company to trade. The shareholders in LIAT are governments. What an example to set to other businesses? Mafia capitalism. Who audits LIAT’s annual financial report?

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  • Vincent Codrington

    What do commenters mean by “trade’? It is quite clear from the main article that LIAT was insolvent. It is also clear that LIAT was supplying an essential service ,like a public road. Where is the duplicity? We were told from 1974 that it was a loss making enterprise. The problem arose when a contributing shareholder wanted to have a disproportionate share of the intangible benefits way beyond his financial contribution. The present solution ….dissolution is the best way forward. Let the Private Sector take some risks.

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  • @Vincent

    Is that it or the Board and Barbados agreeing to a lazy solution to convert debt bought to equity and therefore saddling Barbados taxpayers with the onerous task of picking up a large tab.

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  • By trade it is conventionally meant doing business. If an airline is flying passengers about and charging for it, when it is an insolvent business, in most jurisdictions that is illegal.

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  • And what if shareholders in LIAT have been willing to part with taxpayers money to inject capital on demand, issue sovereign guarantees etc?

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  • Today or in the next few weeks all Caribbean islands will open again with the exception of the Trinidad & Tobago concentration camp. International flights are taking place again, but only very few regional flights since the pepper and pirate islands are broke and incapable of issuing licences to private air carriers. Many islanders are therefore imprisoned and at the mercy of their incompetent politicians, who play with fire like little children. Or check out Guyana. The Aborigines there are not even able to count to 65 or organise elections.

    This shows once again that the region cannot survive without its high lords in the north.Those who are now beating the bush drum of reparations like the professor from Jamaica will soon be eating out of their masters’ hands again as usual.

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  • Vincent Codrington

    @ Hal Austin
    An entity is not illegal when the owners are governments. LIAT is a States’ Owned Enterprise. The tax payers foot the bills directly or indirectly.
    @ David BU
    It is quite legal to convert debt to equity. If you want to make out a case for GoB not doing so, please do ,But it is legal and is practised in the Private Sector. Either way the taxpayers are burdened with the costs. There are no free lunches in this World.

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  • @Vincent

    Never stated that it was illegal. If LIAT business model supports a reasonable assumption that it will be a loss making entity, then convert debt to equity that results in increase shareholding is dumb.

    >

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  • We first must admit that LIAT is insolvent and has few assetts of their own. The planes are either leased or the development bank has a lean on some. Other than the few spare parts what does LIAT have in hard assetts? Little to nothing.

    It also has not produced audited financials to the shareholders for years so if it is to be refinanced or sold based on what audited figures will a value be reached?

    LIAT has nothing it can sell except it routes and even them they dont actaully own, as once liquidated a new player will decide how often and to where he is flying.

    The company is a poorly run and unaudited money pit for the shareholders. Post Covid none of these shareholders are in a position to prop it up anymore. Then you have Brown in Antigua saying he hopes its head office stays there. You speaking as a shareholder there or a politician? The governments of these islands need to remove themselves from private sector activities. They have proven for years they are not equipped or positioned to deal in such.

    Whether there is a LIAT 2020 Limited or its liquidated matters not to me. The point is the money pit needs to be closed. If a new company is formed then I beg wunna governments stand far from it. If you all want to participate then reduce travel taxes or offer passenger subsidies, just make sure they are less annually than what you blowing on LIAT now.

    Liked by 2 people

  • NorthernObserver

    Sooooo, closer to home, Caves of Barbados (Harrison’s), annually receives MORE in Grants (free money fromGoB) than it generates in revenue from all sources. Is it insolvent?

    Liked by 2 people

  • CLICO was guaranteed a safe bet by the PM hisself of Barbados.

    So politicians lie!!!

    We all know that.

    COVID broke many companies.

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  • Maybe creditors and employees should take their complaints to China.

    Maybe Governments should too.

    What is it we have as a region that China wants?

    Take it away!!

    Votes perhaps?

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  • @Northern

    I would say the company as an entity from a financial trading side is insolvent. Difference is they have a hard assett that can be leased to another player for an agreed amount annually.

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  • @ NorthernObserver July 9, 2020 11:00 AM

    Wasn’t the cave leased to Chukka? Here too, our Most Honourable Honourable Prime Minister has made cuts.

    Liked by 1 person

  • NorthernObserver

    @Tron
    Was it? Maybe you could direct us to the RFP or the public announcement of any significant changes.

    Liked by 1 person

  • NorthernObserver

    @JohnA
    Hard asset? How hard…
    Cause you ask occasionally…the GoCanada let us in on their highly guarded secret estimates yesterday.
    They ‘projected’ numbers call for a public revenue decline of 25%. The deficit is $343B, with 18% taken up by private with 82% being taken by the Bank of Canada. No future plans. No policies. I fear they hired your buddy Sinkyah as their primary consultant, as it bears many similarities to his moves.
    Also they will not open the air routes to the USA.

    Liked by 1 person

  • @Northern

    Lord that is not a good wicket to bat on at all. That is why i keep saying this recovery i hear the tourism minister talking about so far cant come from the traditional markets based on their challenges. The USA especially the Florida hub is a no go for now. Canada as you pointed out has its challenges and the UK printing money heavy to keep going.

    Liked by 1 person

  • NorthernObserver

    @JohnA
    The ‘unspoken’ message, conveniently facilitated by Covid #’s in the USA, is stay safe, stay home and spend your ‘deficit dollars’ at home. It is 33C today, 3? in the foreseeable future. No need to head south until Nov/Dec. Lots of driving holidays…RV sales/rentals off the map. They avoid restaurants and hotels? Motto “keep within your bubble”.

    Liked by 1 person

  • @ Northern

    Yes I see that the same way you do. Stay close to home avoid air travel and hot spots. Visit national parks practice mask wearing and social distancing and keep you tail home! Those are the messages coming from the north. Also support you own first.

    Liked by 1 person

  • I agree let the airline close, do not allow governments to run airlines or anything else, they are all incompetent to do so.

    Don’t put all the eggs in one basket, several private air operators is the way forward, they make profits, governments do not.

    But after all that the shareholder governments are fully responsible for paying all of LIATS debts, they allowed the
    airline to continue trading and in doing so incur massive debts. They are therefore liable to pay all the debts, not 50% haircuts, or wipe outs, they should pay every cent.

    If Browne wants to buy the LIAT name, let him do so, but he should not have some exclusive deal to operate throughout the islands. He should trade the new company in competition with all private enterprise operators.

    So pay up boys, girls, and others, you are mostly lawyers so you know at the end of the day you will have to do that.

    Liked by 1 person

  • @ Vincent

    That is the point. An insolvent enterprise, no matter who owns it, should not be allowed to trade if only for the simple reason that it puts other stakeholders at risk.
    If sovereign ownership is so important, then its debt should be underwritten by the state or st ate-shareowners. That is the usual escape for st ate debt, that the st ate would not go bankrupt. We now know that is not true.
    State-shareowners allowing an enterprise to trade when insolvent is not only unethical, it also suggests deliberate dishonesty.

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  • The shareholder governments wrecked LIAT, they overtaxed the visitors, departing travelers, and the airline. When they should have been paying a seat fee to LIAT. The seat tax should have been charged to all the islands governments on routes operated by LIAT, shareholders or not. Governments who did not want to pay should have been removed from LIAT routing.

    The airline did an amazing job considering the failure of proper governmental support from all the islands. They had continual interference from government representatives, all of whom could not run a mauby shop successfully.

    These government people only know how to max out on their spending, nothing about making money.

    Remember when you are all locked up unable to earn a living, they are getting their salary, fees, and expenses paid regardless.

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  • Hal, under UK law people could go to prison for what they have done.

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  • Up and down the city road, in and out of the Eagle, that’s the way the money goes, pop goes the weasel.

    Pop, pop, pop goes the weasel
    Poppity, poppity, pop
    Goes the weasel now

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  • @Gilbertsmuts

    I know. The auditors would also be disciplined and the directors barred from being a director of a company for up to 15 years. You see, one of the excuses for not having to look outside Barbados for examples of good governance is that it allows all kinds of behaviours to escape close scrutiny.
    The idea of nationalism hides all kinds of ills.

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  • Like

  • NorthernObserver

    @HA
    “deliberate dishonesty”
    is this a form of ‘incompetence’?

    Liked by 1 person

  • @Northern

    That too. I won’t be so presumptuous as to say that state-shareholders do not know their company law. It appears in this case as if they have treated insolvency as just a nuisance, something they could ignore as they was no comeback, legally or morally.
    It was unethical and dishonest and the people responsible should be driven out of public life as unfit to hold office. What is interesting is Arthur’s role.

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  • @ gilbertsnuts July 9, 2020 2:11 PM

    You may “thank” our highly paid government advisors for the high taxes. Wherever such advisors have their hands in the game, the efforts are doomed to failure.

    Two years ago, I rightly warned on BU about the excessive taxes. The Marxist government advisors laughed at me. Not anymore.

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  • The president gave an interview on Sky News today. More world class PR. I am sure she thinks media interviews make you a star – and on Sky.

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  • @ gilbertsnuts July 9, 2020 2:13 PM

    You obviously haven’t been living in the wild South for long. Here you can rob, torture, plunder, as long as you belong to the right side.

    The masses in the south are lethargic and accept everything as fate. Just look at Guyana, where 40% of the population is illiterate and actually believes that the majority of 65 is 34 and not 33. Apparently the British have done a great job of brainwashing here.

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  • @ Hal Austin July 9, 2020 3:55 PM

    Hal,

    Everything in life is relative. If you compare Barbados to the shithole Guyana, our Prime Minister is doing a fantastic job.

    It is a fact that many people in the region envy the state of Barbados for Mia Mottley. She communicates very well, is not a backward racist or nationalist but a globalist, thinks and acts sensibly, shows compassion for citizens and tourists alike.

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  • NorthernObserver

    @HA
    I will ‘guess’ that LIAT has exhibited Balance Sheet Insolvency for a very long time? Possibly depending on write-offs and how cash infusions were accounted for.
    You already know that ‘accountability’ applies to others only.

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  • @NorthernObserverJuly 9, 2020 11:00 AM “Sooooo, closer to home, Caves of Barbados (Harrison’s), annually receives MORE in Grants (free money fromGoB)”

    It is NOT, I repeat NOT free money.

    And the money is NOT, I repeat NOT, that of the Government of Barbados.

    The GoB does not wu’k anywhere.

    The money is the money of the over burdened tax payers of Barbados.

    You hate to see your hard earned dollars being misspent?

    So do we.

    So do we.

    Liked by 1 person

  • @Tron , quite true. All of that. Best PM since JMGM.

    Pitt that she did not win the prior election, Barbados would be in a much better place. But the spitefulness was rife against her then.

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  • @Hal, At least she is not making a ja out of herself at every press occasion, like the lunatic is.

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  • @Crusoe

    Optics. Totally irrelevant to the people of Barbados and to viewers. If the intention is to attract more UK tourists, then it is a failure.
    There is no substitute for sound policies.

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  • CrusoeJuly 9, 2020 1:47 AM “Sarah Lee cake mixes and such like stuff, because it is NOT food, made in some factory in the East, with a US label and the idiots buy it. Nasty cancer causing crap. Use local flour, eggs and cane sugar to make a nice cake…Furniture that breaks in three days,,,and them want them galfriend to get a pick”

    I just had to comment on this.

    The grans have told me “gran, you make the best lemon cake in the world” and indeed i do. Yard fowl/free range eggs, local lemons, i use both the juice and the rind. butter NOT margarine or lard or shortening, I should not praise myself, but it is indeed superlative. It is so good that i make it only at Christmas and birthdays. I do it because I want them to know for the rest of their lives what real cake tastes like, I want them never to be happy with a store bought or packaged cake. Perhaps I could and should “monetise’ it, but some fool will want me to take short cuts, will want me to reduce the production costs. I can’t do that.

    Handmade furniture that lasts generations. I have a hand made pine easy chair, pre-World two vintage, and my mum’s mahogany dresser, made by a village joiner before World War 2 on the occasion of her marriage. both still in excellent shape. Not museum pieces, used every day.

    Fellas if the girlfriend is not smart enough and competent enough to find and hold a wu’k on her own, she is not worthy of you.

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  • @TronJuly 9, 2020 8:55 AM “This shows once again that the region cannot survive without its high lords in the north.”

    For hundreds of years the high lords in the north OWNED these islands, OWNED the people, and OWNED the land, didn’t have to pay ANY WAGES, and still managed to phuck up the place.

    What evidence do you have that they can get it right this time?

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  • NorthernObserver

    @SS
    Point taken.
    But for the Caves, it is free. It is not accounted for as repayable 0% interest loan. It is a gift. Maybe it’s your gift, but nonetheless a gift.
    All those ‘ordinary Bajans’ who work there, and the ‘less ordinary’ who consult or charge exorbitant professional fees can thank you for your kind consideration in paying tax.

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  • NorthernObserver

    @Tron
    Find that communication on the RFP for the Caves, or the Chukka deal yet? Chukka has an active website and they make no mention of Bdos or Caves, and have had several recent news items

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  • I couldn’t have done my job without LIATT so I am truly sorry to see LIAT go.

    LIAT had too many flights to too many islands, and that was a large part of the problem. I am not at all sure that the “private sector” will get it right. Sadly all too often the so called “private sector” are just a bunch of people who spend most of their time figuring out how to get more milk out of the tax payers tired breasts. In these small islands with small passenger loads, LIAT should have been telling passengers that “you get a morning flight, and you get an evening flight; that’s it.” But sending 4 or 5 flights a day to small islands, especially a particular small island whose government won’t put a cent in the pot, how did that ever make sense? And permitting liard, theiving Allen Stanford to compete against LIAT, when Allen was operating with tens of millions of thive money and LIAT was barely surviving on tax money, and on airfares from ordinary Janes. How did that ever make sense? But i suppose that Allen Stanford is one of Tron’s WHITE, MALE LORDS FROM THE NORTH WHO CAN DO NO WRONG.

    Until they are caught doing MAJOR, MAJOR wrong…

    As usual.

    Like

  • @ Cuhdear Bajan July 9, 2020 4:46 PM

    Once again she takes my rhetorical provocation at face value. But Tron is not John. He knows very well that the USA and the UK are the biggest s… holes right now and that we could wait a thousand years for help there. At some point the old story about slavery had to fire back. We’re witnessing that right now.

    Just wait and see. You’ll see Barbados sending aid packages to England! LOL.

    Liked by 1 person

  • https://m.facebook.com/story.php?story_fbid=157656655870970&id=108141250822511&sfnsn=scwspwa&extid=iwzY5ijoedNSjhOY

    Caribbean people have to be very careful….especially the majority population in Barbados…we are now seeing first hand why Jamaica wants nothing to do with Caricom….you have St. Vincent, Dominica, Barbados….who it is being said their leaders CANNOT BE TRUSTED…well their people already know that…

    we have always known caricom to be an expensive joke for Caribbean people, we always knew that the members are merely uppity colonial governments who have no interest in uplifting their own people, only interested in enriching their big belly selves….and not one of them have have a sliver of intelligence nor integrity..

    taking taxpayer funded entities and SELLING THEM behind each other’s backs without CONSULTING THE PEOPLE… who owns these entities…..in those island who fund Liat….told yall to check and see who they are selling you out to now, check which airlines and their players these known dishonest leaders are getting in bed with again…AT YOUR EXPENSE…one leader already discribed the new airlines trying to take Liats’ place as rinky dink….or some such..

    Like

  • @NorthernObserverJuly 9, 2020 11:52 AM “Also they will not open the air routes to the USA.”

    The Canadians must not yet open the air routes to that disease ridden shit hole country to their south.

    Like

  • Caricom should be disbanded, just look at the trash this year alone claiming to chair the group…two of the PMs with the absolute worst reputations in the Caribbean, lack of ethics and morals, do not care anything period about their majority balck populations….love to take the people’s money to maintain slave socieites and keep them undereducated, no progress and wealth creation in the majority populations…too many server jobs, low paying jobs, very little BLACK BUSINESSES ….insulting and disrespectful to their own people, insulting other peoples of the Caribbean…NO OBSERVANCE OF THE HUMAN RIGHTS OF THE BLACK POPULATIONS..and the list goes on…both arrogant and 1950s style very obsolete….and both called corrupt repeatedly…..time to take out la basura..

    shame and disgrace for Caribbean people.

    Like

  • @gilbertsnutsJuly 9, 2020 1:59 PM “.But after all that the shareholder governments are fully responsible for paying all of LIATS debts, they allowed the airline to continue trading and in doing so incur massive debts. They are therefore liable to pay all the debts, not 50% haircuts, or wipe outs, they should pay every cent.”

    O dear. Another suggestion to move money from the tax payers pockets, into the hands of the “private sector”

    When will it end?

    Please remember, governments don’t wu’k nowhere.

    Liked by 1 person

  • NorthernObserver

    @WW&C
    You see your sunny ways BF, who awarded a sole source contract to a charity ‘WE’ during Covid, which has since been cancelled, has been found that both his mother (250k) and his brother (32k) were given “speaking contract engagements’ by WE. The lot of them are all the same.

    Like

  • NorthernObserver

    @SS
    As an alumni of Harvard of the North, and mother to a current student, did you see the PM told the Nation on a 343$B deficit, “we took on the debt so you did not have to”.
    No different to Caves grant. Is he to make us think anybody other than taxpayers are on the hook for the country’s Debt?
    Now some workers, like a few who work for one of my boys, telling him “the free money is good, we are not coming back to work til it’s over.” Most of them haven’t figured out bec the GoC didn’t deduct tax, Cpp etc that the money IS taxable.

    Like

  • @NorthernObserverJuly 9, 2020 4:51 PM “All those ‘ordinary Bajans’ who work there, and the ‘less ordinary’ who consult or charge exorbitant professional fees can thank you for your kind consideration in paying tax.”

    Well nobody had better not try thanking this tax payer face to face…

    Unless perhaps I discover that I have COVID19

    Like

  • The Daily Telegraph is also promoting working from home in Barbados. @PLT idea has now become the government’s only economic policy post-CoVid.
    After ten years in opposition and two years in government, the government is now depending on an idea slipped in a note to a minister by a BU commenter.

    Like

  • If you’ve ever dreamed of living in an island paradise, that fantasy could now become a reality.

    As remote working becomes the new normal, Barbados is hoping to turn its beaches, adjacent to crystal-blue waters, into your new outdoor office.

    The Caribbean country is set to introduce a “12-month Barbados Welcome Stamp,” which would allow visitors from overseas to stay for an entire year and work remotely, according to a speech made by Prime Minister Mia Amor Mottley last week.

    “You can come here and work for a couple months at a time; go back and come back,” she said.

    Mottley acknowledged the difficulty of short-term travel, with coronavirus restrictions and mandated quarantines, but a yearlong stay could help jump-start the island’s economy, Insider reported.

    Tourism makes up a significant portion of the country’s gross domestic product (GDP) — 40%, to be exact — with more than 2.4 million travelers going to and from Barbados each year, typically spending $1.1 billion on the island. But due to COVID-19 restrictions and fewer people traveling, tourism has come to a screeching halt in Barbados and other Caribbean countries. Beaches, resorts, restaurants and local businesses are virtually empty, but the 12-month stay proposal comes at the perfect time, as flights in and out of the country are set to resume July 12.

    The Centers for Disease Control and Prevention, however, still warns against nonessential travel to any country, as it increases the risk of virus transmission. But if travelers are looking to take Barbados up on its offer of a 12-month staycation, the government recommends they be tested for COVID-19 72 hours prior to their departure.

    While fears of traveling are still present as the virus continues to ravage many countries, Barbados’ statistics stayed relatively low overall, with only 98 cases and seven deaths, according to Johns Hopkins University.

    The country’s 12-month welcome plan has yet to launch, and an official date remains unclear, but Barbados is not the only place offering visitors travel incentives and perks.(Quote)

    Like

  • I read what your PM has been saying about the $343 B deficit.

    SMH.

    When at the beginning of the epidemic our Minister of Education talked about schools opening in a few weeks, I told Little Susie to expect that the little ones will be out of school until September 20, or maybe September 21.

    I also told my kids that this COVID19 will take value [reduce the standard of living] of all of us [or almost mostly all of us] that COVID19 is a category 5 hurricane that has hit the whole world at the same time, and that it may take a generation to fully recover, and that it will mark their lives and the lives of their children and grandchildren forever. They will tell their grandchildren about COVID19.

    When I hear people here, there and everywhere talk about bounce back, I shake my head.

    And it is unlikely that COVID19 will be the last epidemic in the lives of our children and grandchildren.

    Although it may well be the last in ours.

    Like

  • For the workers in the great white north?

    Wash your hands 6 to 12 times per day.

    Wear a mask when is public and even at home if your home is over crowded and you are in the same room as others.

    Keep your physical distance, 3 to 6 feet from others.

    The CERB will end.

    The youngest has now graduated.

    Hallelujah!

    Workers everywhere in the world will be repaying this COVID19 debt for a long, long, time. Many will be poorer than their parents.

    Like

  • I have flown LIAT since the 70s and used it up to last year, so I am not unaware of the services it provides. I remember when one could go to Antigua return for $290 bajan now its nearly $1000. My point is throwing money at inefficiency can never solve the core problem. Mind you we are no different here either. We increased bus fares and water rates but left both inefficient entities to continue as is. If LIAT did not have political shareholders it would run as a business, resulting i would bet you in lower fares. Now that may come with a reduced schedule to some islands as well, but ask yourself this. Which business you kmow would send a 44 seater into an island to collect 3 people? Total politics ruling decision making. If LIAT is to come back let it come as LIAT 2000 Ltd made up of private sector ownership only.

    Liked by 1 person

  • Since when has OSA actually been placing advertisements on BBT? I had to laugh out loud when I read there: “have arguably made Owen Arthur the greatest leader the party has had since Sir Grantley. Some might argue even greater than the late National Hero.”

    Let us look at the facts. Isn´t OSA, as the great chairman of former LIAT 1974, responsible for the multi-millions-dollar mess? Whether he’s personally liable, I’m happy to leave it up to the courts. And wasn’t it OSA who blew up the elections in Guyana as an “observer”? Just asking.

    The editor of BBT must finally accept that there is only one living national heroine in Barbados. Her first name begins with “M” and her last name ends with “Y”.

    Like

  • After ten years in opposition and two years in government, the government is now depending on an idea slipped in a note to a minister by a BU commenter.” 😂🤣🤣😂😂🤣🤣

    “@WW&C
    You see your sunny ways BF, who awarded a sole source contract to a charity ‘WE’ during Covid, which has since been cancelled, has been found that both his mother (250k) and his brother (32k) were given “speaking contract engagements’ by WE. The lot of them are all the same.”

    ah can’t keep up Northern….Lawson got all the inside info…

    Like

  • @ WURA-War-on-U July 9, 2020 7:32 PM

    This shows once again that swarm intelligence in the cloud makes real bureaucrats redundant.

    If I were Mia, I would build a quantum computer in Barbados (some kind of Cahill 2.0, LOL), feed it with AI, and settle the purchase price with the public servants in the ministries as a cleaning squad in the USA. It is enough if we have a prime minister, more than 20 cabinet ministers and secretaries. Basically, we do not even need the police any more, because Charles Jong, with his excellent contacts to China, will be able to set up mass surveillance by biochip. Every citizen gets an implant, so that every crime is detected within a nanosecond.

    Like

  • Yeah…that slave society construct again, but the people will know what to do with you vote begging nobodies soon enuff.

    Like

  • As i said…not a trend but a revolution….yall corrupt nobodies UNDERESTIMATED Black Bajans again…

    Like

  • @ Hogging the Blog

    I see yuh starting uhready. But let me remind yuh, this blog bout LIAT. I hope you don’t come here to water it down with you usual foolishness, posting the SAME IRRELEVANT STUPIDNESS DAT YUH DOES POST TO EVERY SINGLE BLOG.

    You sick, yuh need help and yuh need to get a life beyond BU and Facebook.

    Like

  • People are now doing their research to see which CROOKS…they are planning to introduce to the various treasuries now…this time they should all go to prison, cause in all their arrogance they are telling themselves that they are NOT BEING WATCHED……

    we gathering 2020…wuhloss…fyah in ya wyah…lol

    the black cocksuckers organization really appeals to me….lol

    Like

  • A

    TB sent home workers and a few (30 i think i read) solar buses come in.

    If you were mariposa i would be telling you you lying to suit your agenda.

    Like

  • All Wily can say without being exasperated is LIAT DEAD, any attempt at resurrection is DEAD, let the poor state sponsored airline DIE an honorable BANKRUPT DEATH.

    Like

  • @John2

    Bringing in 30 solar buses does not mean that the entity is being restructured. Just get 2 pieces of information and judge for yourself if true restructuring has taken place.

    Expenses and income yearly when the board had 230 buses on the road.

    Expenses and income yearly with 70 buses on the road

    Look at just those 2 figures and tell me if the board expenses have fallen 66%. If not then what have they fallen? That my friend is restructuring.

    Like

  • Expose the liars to the world, they are frauds, stealing from the majority and propping up and supporting thieves and racists with your money, they have been doing it for decades and decades and this useless government don’t plan to stop….let the world see and know what they are doing to the people, still exploiting, still oppressing, still selling out the black majority….no taxpayer entity is safe from any of them, they are deceitful liars…

    Liked by 1 person

  • This row is becoming undignified and will lead, inevitably to the break-up of CARICOM. Her is a post from Gaston Browne’s Facebook. There is a need for an outstanding statesman to arbitrate between the warring factions.

    “Deep divisions in the Caribbean Community, CARICOM, became even more evident Friday. Outspoken Prime Minister of Antigua and Barbuda, Mr. Gaston Browne, publicly humiliated CARICOM Chairman, Dr. Ralph Gonsalves, who is also Prime Minister of St. Vincent and the Grenadines. Browne, in a Facebook post ,implied the embattled Vincentian leader is a liar.

    “Ralph, Out of respect and deference for you as a senior Caribbean Statesman, I will not venture to call you a notorious liar,” Browne wrote in his post. Earlier Thursday, Gonsalves falsely claimed that all four shareholders of beleaguered airline, LIAT, had agreed to liquidate the company at the end of June. This, however, is not the case. Antigua and Barbuda and Dominica did not.

    Browne and his Dominican counterpart, Prime Minister Roosevelt Skerrit, support the formation of a new LIAT. They have made a commitment to invest millions of dollars in the new entity. Implying that Gonsalves was dishonest. Brown called out Gonsalves for his dishonesty.

    Browne’s full response to Gonsalves reads: “Ralph, Out of respect and deference for you as a senior Caribbean Statesman, I will not venture to call you a notorious liar, but I must signal my disappointment with your deception. A partial story to suit a recriminatory narrative, could never be considered as the truth. My Dear Comrade, let’s bury the intellectual subterfuge and recriminations. You are fully aware, that I never and will never, support the liquidation without the creation of a new LIAT. Let’s unite and reorganize LIAT for the benefit of the Caribbean people.”

    It is said that Gonsalves’ son part owns a new airline which intends to compete against LIAT’s name “One Caribbean Airlines” which commences flying on July 15. Apparently Gonsalves and Barbados Prime Minister Mia Mottely are the driving force behind the closure of LIAT. Brown previously accused the two leaders of making a deal to form another entity.

    Gonsalves, who heads a one seat majority government and faces a tough reelection has also been at war with Guyana ‘s ruling APNU+AFC coalition party after he interfered in the ongoing election impasse to claim that the opposition PPP won the election and told incumbent President David Granger to take his licks like a man. Granger’s party and elections authorities say that they are thousands of fraudulent PPP ballots that cannot be counted.” (Quote)

    Like

  • @ NorthernObserver July 9, 2020 4:56 PM

    You’re right. Once again, a rash announcement. Apparently the Jamaicans have audited the books and concluded that the deal is not worthwhile. Last time I was there, two out of three elevators were out of service. That was typical once again: Everything more complex than a donkey cart with wooden wheels breaks down in Barbados after 3 years at the latest. It’s just because of the unfavourable environmental conditions and the lack of money, which doesn’t allow any maintenance.

    But apart from that the caves are world class in international comparison. LOL.

    Like

  • A
    Wont get into no capitalist argument with you.
    You said nothing was done at the two boards. That statement is false !

    The raising of the bus fares allow the 30 busses to be brought in. The fact that they are solar will reduce expences for parts, repairs/service and gas .

    Busfare in Barbados was/is way below what it should have been.

    The increase in water rates was more or less for SSA whe was able to bring in the need trucks.

    Everything to you is expense and income. what about the social benifits?

    Are the commuters still complain like before? Can the none profit areas still get a late night bus?

    Is the garbage being collected in a timely manner?

    Everthing to you is profit and lost, what about social responsibilities / social benifits (profits)?

    How much is the three entities now drawing from the public purse compared to before the rise in rates?

    i will admit that there is still more work to be done (and especially at BWA).

    Like

  • “Apparently the Jamaicans have audited the books and concluded that the deal is not worthwhile.”

    if that is about the Caves…they have all been robbing that entity for decades…when ya see that particular JA company wants nothing to do with it, ya done know things are ugly, i had posted on here that the company is indeed credible and would never touch a mess if they find one…obviously they did……am sure Foster and Ince are happy to carry on their colonial bullshit while everything degrades further and further…

    Like

  • NorthernObserver

    @Trong
    Lol…a rash announcement? by whom?
    The JA’s didn’t have to audit a thing, that was done by Deloitte’s. Between ’12-16 annual revenue averaged +/- Bds$5.4. Grants were +/- $8.4M/yr. You do the math.
    Memory says Caves had a very expensive consultant a few years back.
    Has the DoF, you know the former GM of NIS, submitted an update on White Oaks? Are they still on retainer, and how much have they been paid, including “success fees”, thus far.

    Like

  • @ WURA-War-on-UJuly 10, 2020 11:30 AM

    VERY GOOD VIDEO POST.

    THIS LOCAL MAN IS SPOT ON WITH THE TRUTH.

    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

    ALSO THE LAST VIDEO ABOVE WITH GONSALVES OF ST VINCENT IS ALSO VERY GOOD.

    SHOWS THAT GASTON BROWNE OF ANTIGUA IS A BULLSHITTER ON LIAT AND HAS TO LIE TO HIS PEOPLE AS MOST POLITICIANS DO AS NOT TO DEAL WITH REALITY.

    Like

  • Wasting time debating nonsense. Browne is talking rubbish.

    Let Independent Authorised Transport operate between the islands.

    Cash strapped islands trying to play bigshot, stupse.

    If Trinidad with all its oil could not run an airline profitably, how could the rest?

    Even if the Trinidad airline had monetary integrity challenges? Not saying they did, but if they did.

    Like

  • @Bajan in NY

    Thanks for posting the video. Very informative. How is it the vote to liquidate was unanimous and Browne is denying?

    Like

  • David
    Who is responsible for paying the Antigua-based LIAT workers them outstanding salaries, severance etc? Does Antigua have an unemployment benefits or severance pay system? How many Antiguans employed at LIAT? Remember when Gaston was grandstanding some months ago and the usual suspects on BU were going after Mottley?

    Like

  • @enuff

    LIAT orderly liquidation or not will be a mess. One would have to guess LIAT employees are regulated under Antigua law and legally Antigua is responsible BUT Caricom has a moral responsibility to be involved.

    Like

  • David
    Good luck to Gaston.

    Like

  • Oh to be a fly on the wall at Monday’s meeting. Hope he heard Ralphie’s request that he wants to see a workable plan, not a concept.

    Like

  • The employees of LIAT had a good life for 50 years at the taxpayer’s expense.

    No one has a moral obligation. It would be better if the employees would apologize for the fact that they have been pawing around for half a century at the expense of Barbados and living like maggots in rotten flesh.

    Like

  • I thought some would have remembered by now who the 2 plane airline operating out of St. Vincent taking over from liat is, the wide bodied plane that was registered in Barbados last year is directly tied to this one man operation connected to Gonsalves..

    Like

  • @ David

    Wasn’t it Gaston Browne who first announced to the public “From all indication, LIAT will be liquidated and a new entity formed in its place?”

    Like

  • @Artax

    That is what was reported and can be corroborated from the Board minutes if it is an issue in dispute. Why would Gonzales publicly state it was a unanimous decision if it was not?

    Like

  • @ David

    It is extremely disturbing that Gaston Browne wants to force the taxpayers of BGI and SVG into investing in a new company, LIAT (2020) Ltd.

    If the PMs of SVG and BGI have indicated they are no longer interested in investing taxpayers money in LIAT, what is preventing Browne from establishing LIAT 2020 Ltd. as proposed and seeking other regional government and private sector investors………

    ………. rather than displaying an “inexplicable, poisonous, destructive, hateful form of behaviour,” similar to what has been described as the “Bajan Condition.”

    Perhaps he’s suffering from a mild form of the ‘disease’……. the ‘Antigua Condition.’

    Like

  • @Artax

    Browne maybe concerned about the financial obligations his country must be a part based on LIAT being incorporated in Antigua.

    Like

  • @David (BU)
    @Bajan in NY
    Thanks for posting the video.

    yw…will contribute anytime I have something useful to.

    Like

  • Well…i saw a clip where Browne convened parliament to discuss the Liat corruption..

    Like

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