Antigua and Barbuda: In order to hold a discussion on the future role and the expansion of the Leward Islands Transport System (LIAT), the Cabinet of Antigua and Barbuda invited three officials from the administrative office of LIAT.
Reportedly, two officials were present while the third administrator joined virtually. The Cabinet has also explained the entire criteria of the expansion of the LIAT and outlined the changes associated with it.
In the proposed new LIAT, the salaries, wages and other emoluments will take up a smaller part of its cost of operations. As per the reports, in the current time, there are three aircraft are being utilized, as opposed to 10 aircraft before the collapse of LIAT.
The plan for the new LIAT has been scheduled which is intended to reflect the commercial needs and fulfillment of the territories; any destination requiring more flights than has been deemed necessary, would make a special payment to realize its ambition.
A minimum revenue guarantee (MRG) would be applied in order to determine what that cost would be. Every territory to which LIAT flies will be asked to purchase shares, so that the burdens and the benefits can be equitably shared.
The revenue earned by LIAT over these past twenty (20) months shows a small operating profit.
–
