KINGSTOWN, St. Vincent – Regional airline LIAT is likely to get two more shareholders this year.
Prime Minister Dr. Ralph Gonsalves, in his budget presentation this week, said it is likely that the governments of Dominica and St. Lucia will become equity partners in the airline.
St Vincent and the Grenadines, Antigua and Barbuda and Barbados currently control the majority stake in LIAT.
Gonsalves said that his Unity Labour Party government remains committed to LIAT, its reform, fleet renewal and expansion, to meet the intra-regional air transport demands for Caribbean and international travellers alike.
“One thing is sure, unless a further fundamental restructuring of LIAT ensues, the potential of this vital airline service would not be fully realised. That is a major challenge in 2012 for the three shareholder governments …” said Gonsalves, who is also Minister of Air Transport.