Stuart mum on LIAT plans

Prime Minister Freundel Stuart
Prime Minister Freundel Stuart

Prime Minister Freundel Stuart is keeping any developments regarding the cash-strapped airline LIAT close to his chest.

However, responding to a question from this newspaper during a tour of the annual Barbados Manufacturers’ Exhibition (BMEX) this evening, Stuart would only say that shareholder governments were at “a fairly delicate stage of a transition in LIAT”.

Yesterday the shareholder governments met at the Hilton Resort in Barbados where they agreed to stick with their February 13, 2015 restructuring plan designed to keep the airline from collapse.

The Governments of Antigua and Barbuda, St Vincent and the Grenadines and Dominica, joined Stuart in deciding not to back out, despite the losses being incurred by the airline, but to invest a further $5 million in short-term capital.

Following the approximately four-hour meeting yesterday, chairman of the shareholder governments, Prime Minister Dr Ralph Gonsalves of St Vincent and the Grenadines, told Barbados TODAY that while LIAT was benefiting from that short-term cash injection, management of the company would try to secure a new loan of an unspecified sum from the Caribbean Development Bank (CDB).

Gonsalves described the meeting as fruitful.

However, today when asked what exactly the plan was with LIAT and if there were plans for Barbados to establish its own airline, Stuart said that just as he said nothing on the matter yesterday he was not prepared to say anything today.

“Yesterday we met as shareholders and we took a conscious decision not to engage the press after that meeting because we are at a fairly delicate stage of a transition in LIAT and we do not want to say anything that might compromise that transition,” he said. (MM)

9 Responses to Stuart mum on LIAT plans

  1. Mac10 May 23, 2015 at 7:59 pm

    The Pm, silent on an issue of national importance????

    Well, there’s a shocker!!!

    • ken May 24, 2015 at 6:06 am

      Hahahahahaha!! My sentiments exactly. Why is the fact that [him] being silent on anything news? The only time he opens his mouth is to be condescending to the citizens of Barbados or to SPEAK to his politician friends, who find themselves in trouble, and tell them to get a lawyer.

  2. Heather Cole
    Heather Cole May 24, 2015 at 1:04 am

    I am wondering how much of the $5 million he has agreed to invest in this failed venture since he does not want any outcry to impact on it.

  3. Antony Rack
    Antony Rack May 24, 2015 at 1:27 am

    Why dont the women in the company coming forward, or dont they believe in women CEO clearly the present CEO failed, the board of directors failed.

  4. Antony Rack
    Antony Rack May 24, 2015 at 3:23 am

    The company failing and will continue to fail so long as the CEO and the board of directors remained in post. It’s time for a change
    Ladies it’s your time now, please a female CEO this time.

  5. Abeda Adam
    Abeda Adam May 24, 2015 at 6:12 am

    I was wondering how this got to be a headline story.. doesnt he stay mum on everything else 2?

  6. Alex Alleyne May 24, 2015 at 7:11 am

    With such “at risk” for Barbados , its about time you PM tell us something “Positive” on LIAT before you throw our TAX DOLLARS into a leaking bucket .
    Is LIAT coming back to BIM or not Mr. PM

  7. Kearn Williams
    Kearn Williams May 24, 2015 at 8:09 am

    My goodness! Didn’t realise she was still alive. How old is she

  8. James Lynch May 24, 2015 at 10:05 pm

    In short, everybody is broke and now they have no idea what to do next.

    How about handing it to real professionals to manage, Mr. Stuart? Mr. Gonsalves? Mr. Browne? How about taking your political snouts out of the aviation trough and allowing it to be run as an airline?

    Or is that too much to ask?


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