24.1 C
Thursday, October 1, 2020
Home News Local News Regional Leaders Give The Commitment To Write Off Debt Owed By LIAT

Regional Leaders Give The Commitment To Write Off Debt Owed By LIAT

A number of regional leaders have given their commitment to writing off debts owed to them by LIAT, which is now in Administration, Prime Minister Gaston Browne revealed on Saturday, September 12, 2020 on Pointe FM in Antigua.

Administrator Cleveland Seaforth has been negotiating with creditors asking them for certain debt write-offs.

“In fact, that matter was raised yesterday by me with some of the heads within the region and they have all committed to writing off their debt,” Prime Minister Browne said.

“So I believe sometime during the course of [this] week that we’ll be hearing from the various Heads within the region to write off the outstanding airport taxes and other fees that were due by LIAT.”

Prime Minister Browne said the Administrator is also speaking with other creditors, adding that the whole idea is to get to a significant write-down in the liabilities so that there could be some level of severance paid to the staff.

Meanwhile, Antigua and Barbuda leader said the Administrator continues to negotiate with a few prospective investors.

“I’m not aware that there’s any firm deal as yet but we still remain hopeful that within the 120-day period that we will have LIAT back in the air,” he said.

Most Popular

PM Harris: St Kitts and Nevis Borders to Reopen Oct 31

By Kevon Browne St. Kitts and Nevis (WINN): Prime Minister, Dr. Timothy Harris announced, at his monthly press conference on Thursday (October 1) that the...

Republic of China (Taiwan) Awards Scholarships To 14 Students

By Devonne Cornelius St. Kitts and Nevis (WINN): The Embassy of the Republic of China (Taiwan) awarded 14 persons from St. Kitts and Nevis with...

PM Harris: Reduce, Reuse & Recycle

By Kevon Browne St Kitts and Nevis (WINN): Climate change and the environment was the theme for the Tuesday (September 29) broadcast of Leadership Matters....

Illegal Firearms Collected Through Peace Initiative Destroyed

By Kevon Browne St Kitts and Nevis (WINN): The St. Christopher and Nevis Police Force destroyed 31 illegal firearms that had been collected as part...

Essence of Hope Launches Mammogram Campaign

BASSETERRE, St. Kitts: On the eve of Breast Cancer Awareness Month, the Essence of Hope Breast Cancer Foundation has launched its mammogram campaign. As...

Alphabet Inc’s Google Launches Google TV, New Chromecast

(Reuters) - Alphabet Inc’s Google on Wednesday launched Google TV, which would show content from popular streaming services including Netflix Inc and Walt Disney...

Prosecutor: Breonna Taylor Jury Recordings Delayed To Friday

LOUISVILLE, Ky. (AP) — A Kentucky judge delayed until Friday the release of secret grand jury proceedings in Breonna Taylor’s killing by police, according...

Patriotic Competition Winners Announced

As part of activities planned to commemorate International Day of Older Persons celebrated on October 1st annually, the Department of Community Development and Social...

Minister Grant Underscores Safe Tourism As Country Prepares To Again Welcome Visitors

Basseterre, St. Kitts (SKNIS): Minister with responsibility for Tourism, Transport and Ports, the Honourable Lindsay Grant, has underscored the need for safety as St....

Premier Threatens To Report Governor’s ‘Act of Aggression’ To UN

(BVI News) Premier Andrew Fahie has put Britain on notice that he will be escalating to the United Nations what he described as an...


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