Our old friend Jim Lynch has been following the news that Barbados wants to pull out of LIAT Airlines and establish a national carrier. You can follow the story at CRANe – The Caribbean Regional Aviation Network.
That got us thinking… you remember the old CARICOM cry “one from ten is zero”?
LIAT isn’t CARICOM, but it is perhaps the most visible expression of Barbados’ commitment to the organization.
If LIAT falls, does it harm CARICOM?
Proposal for Barbados to Quit LIAT
ST. JOHN’S, Antigua, March 28 2015 – Caribbean News Service (CNS) has obtained a document titled “Proposal for the Establishment of a Barbados Air Carrier.”
The document, allegedly authored at the senior management level of LIAT, points to Barbados, LIAT’s majority shareholder, planning to quit airline
The document proposes that a Barbados air carrier be established with its own Air Operators Certificate (AOC) and Route Licensing Authorisation. The new company would effectively replace the majority of existing LIAT services throughout the region and would seek to develop new markets.
An approach, methodology and structure for the establishment of the new Barbados air carrier were detailed in the document.
It said a traditional approach to fleet planning in a startup airline with a projected requirement of 10 aircraft would be to launch initially with two to three aircraft and a limited route network and build thereafter incrementally over a period of 18 months to the final fleet number. The Caribbean Development Bank (CDB) has funded, via shareholder governments, LIAT’s wholly owned ATR -42 aircraft.
The plan calls for the title of those aircraft to be passed on to the Barbados Government either through shareholder agreement or through CDB taking charge of the aircraft and reassigning them.
… finish reading CNS article Proposal for Barbados to Quit LIAT