The National Newspaper of St. Vincent and the Grenadines
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FRIDAY,
MARCH 15, 2019
VOLUME 113, No.11
www.thevincentian.com
shareholders Dr. Ralph Gonsalves and other expressed his “THE SIMPLE TRUTH IS THAT LIAT is prospective facing grave challenges to its very participating disappointment with some survival and continuance; but as always, governments governments who continue to avoid funding LIAT even there are possible solutions at hand for had an though they benefit from the the airline and the traveling public.” opportunity airline’s service. So said Prime Minister Dr. Ralph to resolve Gonsalves last Monday during a some of the ministerial statement in this country’s issues touching and concerning the air Parliament, even as he took umbrage carrier. with certain governments who failed, In a not so veiled rebuff of Dr. Keith and/or refused to contribute to the Rowley, PM of Trinidad and Tobago, funding of the airline. Gonsalves declared, “Unhelpfully, “I am fed-up too with some other some participants at the conference. stakeholders…,” Dr. Gonsalves told could not resist the temptation on the Parliament. leaving the conference to alarm the Dr. Gonsalves explained that public with declarations such as “LIAT during the CARICOM Intercessional will run out of cash to operate in 10 meeting in St Kitts in February, the days”, “LIAT will close down by the ATM machine for LIAT.” principal shareholders of LIAT end of March if reluctant government According to Dr. Gonsalves, one or provided information about the shareholders don’t cough up some two persons decided to spread fear and financial condition and the immediate money”, even “Ralph is fed-up with alarm which created uncertainty prospects for the survival and LIAT”, and added, in reference to the among the travelling public, creditors development of the airline. Barbados Minister of Tourism, “One and even the Federal Aviation However, some individuals did not minister even dusted off an insulting Authority/USA, who inquired about heed the request, as accepted, not to and tiring declaration that his the airline’s capacity to serve Puerto share information publicly until the government was not going to be an Rico and the US Virgin Islands.
EC$1.50
by DAYLE DA SILVA
In the wake of this unwanted publicity, LIAT’s management was compelled to issue a statement distancing itself from the doomsday scenario and gave assurance of the airline’s continued services, the PM explained.
PLAN TO RAISE US$5M FOR LIAT AS THEY PROMISED, the major shareholders of LIAT are preparing to provide a substantial portion of the US5 million that the regional airline needs to keep it operational. The appeal for an immediate infusion of cash, has fallen on at least one receptive ear. St. Vincent and the Grenadines has agreed to contribute US723,711 to the cause. This was disclosed by Prime Minister Dr. Ralph Gonsalves as he addressed a sitting of Parliament here last Monday. Continued on Page 3.
Continued on Page 3. A mathematical formula has been proposed to address the immediate need for US$5m to get LIAT off the ground and keep it in the air.