New LIAT aims to be a profitable entity

Source: Antigua News Room

LIAT 2020 officials express optimism about the carrier’s profitability post-liquidation of LIAT 1974 Limited.

Abdul Salam, Lead on LIAT 2020 at Air Peace Caribbean Limited, assures viability, emphasizing four key objectives: sustainable financial growth, exceptional customer service, operational excellence, and a collaborative employee development environment.

Learning from past mistakes, the new company aims for organic growth, profitable route optimization, and aggressive cost management. Development Commissioner Ambassador Daven Joseph affirms government support but ensures adherence to private sector standards.

LIAT 2020 takes over management without interference, with the government holding a 30 percent share. LIAT concluded its final flight on Monday 22nd January 2024.

Read more from source: ANTIGUA NEWSROOM