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LIAT planes grounded (Photo: NOW Grenada)

St Kitts-Nevis Gov’t writes off LIAT’s US$11-M debt

LIAT planes grounded (Photo: NOW Grenada)

The Government of St Kitts and Nevis announced in on Tuesday that it will cancel the US$11-million debt owed to the Federation by LIAT.

In a press release, Prime Minister Dr Timothy Harris said that his Government activated the debt relief after receiving a request by the liquidator.

“We accept that LIAT is the largest carrier supporting intraregional travel and without LIAT there is a major void that has a significant impact on the ease of movement of citizens, residents, and visitors to the region”

— Dr Timothy Harris, prime minister, St Kitts and Nevis

Despite resuming commercial flights on Monday, LIAT is still under administration and is undergoing restructuring as per the decision of the Government of Antigua and Barbuda back in July.

According to Dr Harris, while mulling the decision to write off the debt, he took into consideration the “ill health” of the regional carrier. He added that the decision, therefore, reaffirms St Kitts and Nevis’ commitment to regional integration and regional travel.

“We accept that LIAT is the largest carrier supporting intraregional travel and without LIAT there is a major void that has a significant impact on the ease of movement of citizens, residents, and visitors to the region,” Dr Harris stated at his monthly press conference at the NEMA Conference Room on December 1, 2020.

Prime Minister of ST Kitts and Nevis Dr Timothy Harris (File photo)

“Mindful of the challenges that LIAT has faced, we believe that we must take this position in the best interest of the people of St Kitts and Nevis and the region as a whole,” he continued.

The airline will resume its service to and from the Robert L Bradshaw International Airport in St Kitts this Saturday, offering flights only on that day in the initial phase.