LIAT's major shareholders have reached an agreement, which Antigua and Barbuda's Prime Minister Gaston Browne said could see the airline flying again "in 60 to 90 days."
The shareholders, which also includes the governments of Barbados, St. Vincent and the Grenadines and Dominica, met virtually late Monday for Mr. Browne to present a plan to reorganize the cash-strapped LIAT.
Mr. Browne said there was consensus that they should sell the three planes that are owned by LIAT and charged to the Caribbean Development Bank.
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