A major shake-up is coming for struggling regional airline LIAT, as main shareholder governments await a detailed report on the airline’s operations.
The pending changes which could determine the airline’s fate are expected in a matter of months. Among the changes will be the implementation of a performance index to help determine promotion and pay increases, possibly a new funding model and amendments to the labour laws in Antigua and Barbuda, where the airline is currently based.
According to the Barbados today news, while it is still early to say if Barbados, the majority shareholder, would cut back on its contribution to the air carrier, Minister of Tourism Kerrie Symmonds gave a strong indication that there had to be some changes to how the airline was being subsidized.
Antigua and Barbuda, St. Vincent and the Grenadines and Dominica are other major shareholders in the airline.