24.1 C
Basseterre
Saturday, January 16, 2021
Home Business Antigua PM Awaits Barbados Decision On Write-Off of LIAT Debt

Antigua PM Awaits Barbados Decision On Write-Off of LIAT Debt

(Barbados Today) The decision, he told local media in St John’s, is critical to making severance payments to workers.

Browne, who suggested that much was riding on Barbados’ next move, since it is the airline’s largest shareholder, said there was little reason for the Mia Mottley-led administration not to give the nod of approval.

“We are now waiting to hear from Prime Minister Mia Mottley and the others within the region to get something definitive from them,” Browne told Antigua Breaking News.

“I don’t think it’s a hard decision to make. It’s not a difficult decision to make, because with liquidation they would have gotten nothing anyway, so they are no worse off writing it off compared to a situation in which . . . we had liquidated LIAT.

Read more

Most Popular

OPEN IN NEW WINDOW

Contact a Program
If you are interested in a program or advertising, send us a message.
Send Message
Signup for our Newsletter
We'll only be in touch when we've something exciting to share.
We never share your details
No thanks
Subscribe