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Barbados Announces Plan To Sell Its Shares In LIAT

The Barbados government has announced plans to sell its shares in the cash strapped regional airline, LIAT.   Prime Minister Mia Mottley confirmed reports that Antigua and Barbuda would be seeking to replace Barbados as the largest shareholder government by seeking to acquire the shares Bridgetown would be outing up for sale.   Speaking in Parliament, Ms Mottley said the decision was due to the country’s economic situation.   However, she said Barbados would continue to hold minimum shares in the Antigua-based carrier.   Barbados along with Antigua and Barbuda, Dominica Grenada and St. Vincent and the Grenadines are the main shareholders of the airline that employs over 600 people and operates 491 flights weekly across 15 destinations.

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