Tag Archives: Gaston Browne

LIAT 1974 Flying Under the Radar

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Barbadian taxpayers have for years acted as lender of last resort for LIAT 1974 Ltd. Since the public and contentious relaunch of LIAT 2020 Barbadians down millions are none the wiser the current state of the deal. The local Opposition parties and other civil society actors appear to be unable to walk and chew gum at the same time. The following questions have been asked by BU Commenter John A on behalf of Barbadians taxpayers. If we do not who will?

– David, Barbados Underground

  • HAS LIAT 1974 LIMITED BEEN LEGALLY DISSOLVED AS OF YET?

  • UNDER THE ARTICLES OF LIAT 1974 LTD ARE THE LIABILITIES SERVICED BY THE COMPANY OR ARE LIABILITIES GUARANTEED BY THE SHAREHOLDING STATES?

  • WHAT IS THE TOTAL ASSET VALUE AS OF TODAY FOR LIAT 1974 LTD AND WHAT ARE ITS OUTSTANDING LIABILITIES?

  • IS THE LIABILITY FOR SEVERANCE UNDER LIAT 1974 LTD NOT A CORPORATE LIABILITY UNDER THE COMPANY ACT AND IS THEREFORE A LIABILITY THAT MUST BE MET BY ITS BOARD OR BY LAST RESORT ITS SHAREHOLDERS BASED ON PERCENTAGE OF SHAREHOLDING?

  • IS BARBADOS A MINORITY SHARE HOLDER IN LIAT 2020 LTD IF INDEED IT EXIST?

  • HAVE CERTIFICATES OF RELEASE BEEN GRANTED TO BARBADOS BY THE CDB AND OTHER FINANCIAL INSTITUTIONS AFTER ANTIGUA ACQUIRED OUR SHARES?

  • AS A CONDITION OF THE SALE DOES BARBADOS HAVE ANY LEGAL RIGHT TO REPAYMENT OF LOANS BY ANTIGUA PREVIOUSLY GUARANTEED BY BARBADOS THAT WERE NOT GRANTED CERTIFICATES OF RELEASE FROM THE LENDERS?

Who is LIAT Majority Shareholder_ Antigua or Barbados

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Submitted as a comment to Adrian Loveridge Column – Keep Working it blog by Artax.

It seems as though talks between the governments of Barbados and Antigua & Barbuda relative to the sale Barbados’ shares in LIAT have recommenced.

https://barbadostoday.bb/2019/12/13/antiguan-pm-reports-movement-in-liat-share-talks/

After all the “back and forth,” … and the government of Antigua securing a US$15.8M loan from the Venezuela ALBA Bank to invest in LIAT we haven’t heard anything from Tourism Minister Kerry Symmonds as it relates to this issue or what is government’s short-term or long-term position on the airline.

I’m wondering why, as the majority shareholder, the government of Barbados is allowing Antigua’s PM Gaston Browne to take the lead on issues relating to the restructuring and recapitalization of LIAT?

And, so far, Chairman of the shareholder governments, SVG’s PM Ralph Gonsalves, has remained extremely silent on these developments…… and we haven’t heard anything from the other shareholders as well.

Mia Mottley should realize she or any member of her administration does not own the 49.4 shareholdings in LIAT … they are owned by the Barbadian tax payers. As such, she is obligated to inform Barbadians about any new developments relating to the airline.

LIAT, the Political Football of Caricom

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Minister Donville Inniss

Minister Donville Inniss

A reason our little islands will never agree to fully integrate, whether under the umbrella of Caricom or some other functional arrangement, can be traced to deep insularity. Some have convinced themselves it does not exist until a Shanique Myrie or LIAT incident serve to bring it to the fore.

Barbadians are aware Minister Donville Inniss suffers from an ailment which causes him to run his mouth like a sick nigga botsy. His castigation of Prime Minister Gaston Browne of Antigua recently followed a similar public chiding by Prime Minister Ralph Gonzales – listen to David Ellis’ 630 – yet Gaston Browne picked on Inniss and ignored Gonzales scathing and articulate response directed at him – Gonzales is his equal after all.  The politically partisan will rejoice in the putting down of Inniss by Browne and under the breath lament the fact late Prime Minister Tom Adams is dead. If Adams was alive no rookie Prime Minister would dare to spout the nonsense coming from Browne at a member of the Barbados cabinet.

For many years LIAT has been located in Antigua and managed by successive administration as if it were a department of the public service. Barbados is the largest shareholder and therefore has the right to influence and determine policy. If Browne wants to keep LIAT in Antigua he is encouraged to raise the capital to assume a greater equity stake or shut the hell up!

The following was posted to BU by Aviator James Lynch:

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Prime Gaston Browne Adopts Hands Off Approach to Guyana Government’s Decision to Prorogue Parliament

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New York Caribbean Democracy Body Slams Caricom Chairman, Prime Minister Gaston Brown of Antigua & Barbuda, for “uninformed and vacuous” Comments On Political Crisis In Guyana

(L-to-R) Prime Minister Gaston Browne, CGID-President Rickford-Burke & Guyana's President Donald Ramotar

(L-to-R) Prime Minister Gaston Browne, CGID-President Rickford-Burke & Guyana’s President Donald Ramotar

NEW YORK: The New York based Caribbean Guyana Institute for Democracy (CGID) has said the assertion by Caricom Chairman, Prime Minister Gaston Browne of Antigua & Barbuda, that Caricom “respects the right of Guyana’s President Donald Ramotar to prorogue Parliament and is not “too concerned,” are “repugnant to the constitution and people of Guyana, and incongruous with democratic values.”

CGID President Rickord Burke in a statement Saturday slammed Brown’s comments as “uninformed and vacuous.” He accused Caricom of demonstrating partiality towards the ruling People’s Progressive Party (PPP). “Mr. Brown’s comments evince tacit support for the PPP’s repression of the elected representatives of the people,” the statement added.

Ramotar on November 10th abruptly suspended the nation’s Parliament to prevent the passage of a no-confidence motion against his government.  The edict came as Members of Parliament (MP) assembled to debate the motion by the opposition Alliance for Change (AFC).

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