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LIAT 2020 frustration

Antigua & Barbuda's Prime  Minister, Gaston Browne, has confirmed that the Antigua-based LIAT 2020 has received its Air Operator's Certificate, but he has criticised the Barbados-based Caribbean Development Bank [CDB] for further delaying  the airline's return to the regional skies.
 
LIAT 2020 airline is being formed in partnership with Air Peace, a private Nigerian airline, which plans to invest close to US$65 million, while Antigua & Barbuda is investing US$20 million.
 
Earlier this year, the Antigua & Barbuda Government said it would pay US$12.1 million into an escrow account for the acquisition of other planes owned by the CDB as efforts continue to launch LIAT (2020) Limited.
 
It has already made an offer to purchase the three aircraft owned by the CDB and had been used by the inter-regional airline, LIAT, which is owned by the governments of Antigua & Barbuda, Barbados, Dominica and St Vincent & The Grenadines, but ended its operations on January 24 this year.
 
 
 
 
 


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