Venezuela in talks to acquire LIAT stake

By Gay Nagle Myers
The shareholder governments of Caribbean airline LIAT are in discussions with Venezuela to acquire a stake in the carrier.

Antigua and Barbuda, Dominica, Barbados and St. Vincent and the Grenadines are the current shareholders in LIAT.

Dominica Prime Minister Roosevelt Skerritt said that Venezuela has expressed an interest in investing in the airline, and that a draft proposal is in the works, according to news reports.

Further discussions will be held in Caracas.

Antigua-based LIAT, which flies to 21 destinations in the Caribbean, is currently in the process of replacing its aging fleet.

Last December, LIAT unveiled a business plan that it said would help turn around the struggling airline.
This page is protected by Copyright laws. Do Not Copy. Purchase Reprint
blog comments powered by Disqus

View Comment Guidelines

Please upgrade your Flash Player.
Please upgrade your Flash Player.

Travel Weekly Poll

Voices

  • Consumer media discover that travel agents do exist

    "Contrary to some thoughts, travel agents do exist ... We are usually able to get clients better prices, and we know we can see that clients have better experiences. And as our personal motto is: Our Service Travels With You."

    More»

TW Index: Most Active Stocks

Latest Top News:
Caribbean
Europe
Travel Weekly is on Facebook
Viewpoints For Travel Agents
Travel Weekly Topics