The Barbados government on Tuesday night formally announced plans to sell its shares in the cash strapped regional airline, LIAT, but insisted that it was committed to regional transportation and 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.

Barbados Prime Minister Mia Mottley in a statement to Parliament confirmed reports that Antigua and Barbuda would be seeking to replace her country as the largest shareholder government by seeking to acquire the shares Bridgetown would be outing up for sale.

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