Nigerian Airline Acquires 70% of LIAT

Nigerian Airline Acquires 70% of LIAT

Nigerian airline AIR PEACE is expected to take a 70 percent stake in LIAT 2020 limited with the carrier to be run strictly on a commercial basis.

This was revealed by Antigua and Barbuda Prime Minister, Gaston Browne who said that efforts are being made to establish the air operating certificate for LIAT 2020.

The government of Antigua and Barbuda saved the carrier from the brink of liquidation by placing it under administration.

Since then a court appointed administrator, Cleveland Seaforth, has been piloting the operation. Mr Browne speaking to ABS news Antigua said currently the carrier is operating with two aircraft and with fewer routes.

But that is set to change once the new arrangement is finalized.

 

Mr Browne said if this plan is successful LIAT will be operated under a private majority shareholder.

 

Antigua and Barbuda Prime Minister, Gaston Browne on ABS.

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