Antiguan Govt enters into agreement to boost investments in LIAT

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The Antigua and Barbuda government says it has agreed to the terms of a joint initiative with Africa’s largest private carrier, Air Peace, to boost investments in LIAT 2020 Ltd.

It said both parties are to invest in the Antigua-based airline through cash and other assets, with Air Peace acquiring a majority stake.

The government said that the aim is the emergence of an airline able to respond to the demand for inter-island connectivity in the Eastern Caribbean and according to a statement issued by the Office of the Prime Minister, LIAT 2020 will provide safe and reliable air transport services to passengers and cargo across the region and beyond.

Foreign Minister E.P. Chet Greene spoke of the government’s commitment to the revitalization of the carrier and welcomed Air Peace chairman, Allen Onyema’s continued interest in investing in the airline.

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