Antigua Breaking News (ABN) — A number of regional leaders have given their commitment to write of debts owed to them by LIAT — which is now in Administration — Prime Minister Gaston Browne revealed Saturday.
Administrator Cleveland Seaforth has been negotiating with creditors asking them for certain debt write offs.
“In fact, that matter was raised yesterday by me with some of the heads within the region and they have all committed to writing off their debt,” Prime Minister Browne said.
“So I believe sometime during the course of [this] week that we’ll be hearing from the various Heads within the region to write off the outstanding airport taxes and other fees that were due by LIAT.”
Prime Minister Browne said the Administrator is also speaking with other creditors, adding that the whole idea is to get to a significant write down in the liabilities so that there could be some level of severance paid to the staff.
“If the administrator is unable to achieve that then there will be a problem — even if there is severance paid, they will be nominal. But the deeper the write downs, then the larger the amount of severance that will be paid to the staff, so that is the exercise that the Administrator is undertaking to get completed as soon as possible,” Browne said.
Meanwhile, the Antigua and Barbuda leader said the Administrator continues to negotiate with a few prospective investors.
“I’m not aware that there’s any firm deal as yet but we still remain hopeful that within the 120-day period that we will have LIAT back in the air,” he said.
“That is still the objective, we have not changed the timeline and we are working towards it.
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If Barbados and St Vincent governments give anymore concessions to Gaston Browne thus squandering taxpayers money, the people of these two governments MUST vote them out of office when they call the next election.
Barbados and St Vincent already gave Guston Browne their shares for $1 each and now agreed to write off the debt owed to them , what nonsense is this? VOTE them out of office next time.
“Show me the money !!”
“Show me the beef !!”
“Show me the signatures !!”
Politicians are so accustomed to paying lip service to something they do not intend to support – the rest of us call it lying – that I will believe those commitments when I see them in writing, with the appropriate signatures below them.
In other words, “Show me that you are not all just liars and thieves !!”