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

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

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(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.

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