Sunday, July 21, 2013

Caribbean Development Bank approves $65 million to LIAT towards modernization

The Antigua & Barbuda-based regional airline, LIAT (Leeward Islands Air Transport), Friday said the Barbados-based Caribbean Development Bank is providing US$65 million in loans to the four shareholder governments of the company.

It said the loan, approved on Thursday, to Antigua & Barbuda, Barbados, St. Vincent & The Grenadines, and Dominica will assist with the purchase of aircraft in the context of a fleet modernization project.

LIAT said that the loan agreements "provide for the

More details here...

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