LIAT staying the course despite financial challenges, assures CEO

BRIDGETOWN, Barbados--As shareholders of regional airline LIAT met on Tuesday amid concerns that its financial situation could force it out of the skies, the company’s chief executive officer (CEO) has sought to allay fears, declaring that the carrier continues to operate its daily flight schedule despite its challenges.

  Julie Reifer-Jones said in a statement on Monday that the Antigua-based airline was committed to connecting the region and had operated all its flights over the peak Easter season with an on-time performance of 80 per cent.

  LIAT, which currently operates 491 flights weekly, is also looking forward to a good summer period with many festivals and events scheduled across the region, she said.

  “LIAT is committed to fly, and we are flying to the 15 destinations across the network,” Reifer-Jones said.

  She also noted there are ongoing discussions with governments on the need for all the territories served by LIAT to contribute through a Minimum Revenue Guarantee model.

  Reifer-Jones said that while the pace of these discussions was slower than anticipated, LIAT remained optimistic that the discussions would be concluded shortly.

  The CEO added that the company continued to update its restructuring plan “so that LIAT can evolve into a more efficient and sustainable company serving the region.”

  And she reiterated the company’s commitment to the region, adding that the improved on-time performance and customer service provided were evidence of the changes taking place in the company. ~ Caribbean360 ~

The Daily Herald

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