Air Peace To Acquire 70% Stake In LIAT 2020,investments In The Caribbean Airline - Travel - Nairaland
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| Air Peace To Acquire 70% Stake In LIAT 2020,investments In The Caribbean Airline by Anambra1stSon(m): 5:31pm On May 16, 2023 |
Air Peace to acquire Majority Stake in LIAT 2020, Boosting Investments in the Caribbean Airline Nigeria’s largest carrier, Air Peace, has entered into a joint initiative with the government of Antigua and Barbuda to bolster investments in LIAT 2020 Ltd, an airline based in Antigua. This strategic move aims to revitalize LIAT 2020 and establish an airline that can cater to the demand for inter-island connectivity in the Eastern Caribbean. Air Peace will acquire a majority stake in LIAT 2020, based at V. C. Bird International Airport (ANU), which serves Saint John, the Caribbean nation’s capital city, paving the way for safe and reliable air transport services across the region and beyond. As reported by Loop Caribbean News, both parties will invest through cash and other assets in the revamped LIAT 2020. The plan to launch the brand has been on hold since 2020 due to a lack of funds. Air Peace’s Expansion and Caribbean Interest Air Peace, one of Africa’s leading privately owned airline, has demonstrated a keen interest in expanding its presence in the Caribbean. With a fleet of over 38 aircraft and more than 3,000 employees, the Nigerian carrier currently serves markets in Africa, the Middle East, India, China, and Israel. Furthermore, Air Peace is actively working towards launching new transatlantic routes from Africa, including potential scheduled flights between Barbados and Nigeria by the second quarter of 2023. LIAT’s History and Revival LIAT, an acronym for Leeward Islands Air Transport, originally commenced operations in 1956 in partnership with BWIA, which is now Caribbean Airlines. Over the years, LIAT expanded its network to serve various islands in the Caribbean, providing crucial air connectivity for local communities. However, the airline faced financial challenges in 1974, leading to the acquisition of LIAT by eleven countries to ensure the continuation of essential island air connections. LIAT’s Recent Troubles and Court-Appointed Administration In July 2020, LIAT ceased operations due to significant losses in 2019 and the adverse effects of the COVID-19 pandemic, compounded by border closures. Following this, the governments of Antigua and Barbuda, Barbados, Dominica, and St. Vincent and the Grenadines, the majority shareholders, decided to liquidate the airline. Consequently, LIAT (1974) entered court-appointed administration to undergo financial restructuring, and on November 30, 2020, the airline partially resumed operations on a temporary basis, with a reduced schedule. The Joint Initiative and Air Peace’s Majority Stake Antigua and Barbuda’s government has embraced the goal of maintaining air connectivity within the region and securing the future of LIAT. Through a joint initiative with Air Peace, both parties will invest cash and other assets in the revitalization of LIAT 2020. Air Peace’s acquisition of a majority stake will inject much-needed resources and expertise into the airline, positioning it for sustainable growth and enhanced service quality. Prime Minister Browne’s Support for Regional Control Antigua and Barbuda’s Prime Minister, Gaston Browne, has been a vocal advocate for rescuing LIAT and preserving regional control over the airline. Despite an earlier bid from Air Peace to acquire a 75% shareholding, Browne expressed concerns about external control and potential price gouging. He stressed the importance of a regional approach and announced a forthcoming meeting of Caribbean heads-of-state to discuss LIAT’s future structure. https://airspace-africa.com/2023/05/09/air-peace-to-acquire-majority-stake-in-liat-2020-boosting-investments-in-the-caribbean-airline/?amp 10 Likes 1 Share
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| Re: Air Peace To Acquire 70% Stake In LIAT 2020,investments In The Caribbean Airline by riverbird: 5:32pm On May 16, 2023 |
Nice one.... 5 Likes 1 Share |
| Re: Air Peace To Acquire 70% Stake In LIAT 2020,investments In The Caribbean Airline by mrvitalis(m): 5:53pm On May 16, 2023 |
Igbos have learned not to be the first in any industry ....after Orji uzor kalu and ibeto experience Allow others start succeeds or fail ...then enter Their is a reason no Igbo man is building refinery now make dangote run am 10 years first ..let the laws guiding the industry be established well enough that changing them because an Igbo man entered the field would be too obvious .... We have learnt a lot really ..... I tell people Yes ooh Nigeria is not working for anyone ....but Igbos are the people Nigeria is systematically working against 17 Likes 1 Share |
| Re: Air Peace To Acquire 70% Stake In LIAT 2020,investments In The Caribbean Airline by stanluiz(m): 5:54pm On May 16, 2023 |
Airpeace keep expanding. Nice one. 10 Likes |
| Re: Air Peace To Acquire 70% Stake In LIAT 2020,investments In The Caribbean Airline by Nandoife: 5:55pm On May 16, 2023 |
You beat me to it 1 Like |
| Re: Air Peace To Acquire 70% Stake In LIAT 2020,investments In The Caribbean Airline by slivertongue: 6:25pm On May 16, 2023 |
God bless Air Peace 6 Likes |
| Re: Air Peace To Acquire 70% Stake In LIAT 2020,investments In The Caribbean Airline by kosssy: 6:32pm On May 16, 2023 |
Air peace is the real ojemba enwe ilo! Doings get level. 9 Likes |
| Re: Air Peace To Acquire 70% Stake In LIAT 2020,investments In The Caribbean Airline by JoeyNaza: 6:40pm On May 16, 2023 |
Ccf |
| Re: Air Peace To Acquire 70% Stake In LIAT 2020,investments In The Caribbean Airline by kettykings: 6:45pm On May 16, 2023 |
Nice development, the recent expansion of air peace should be copied by other igbo businesses, while we encourage people to invest home we also encourage them go international and go public and raise capital from the internationalmarkets, expansion without limits. Air peace, seplat, innocent, fidelity 8 Likes 1 Share |
| Re: Air Peace To Acquire 70% Stake In LIAT 2020,investments In The Caribbean Airline by Solsix(m): 7:14pm On May 16, 2023 |
Nice one Allen Onyema. Yet British government have not seen reason to give air peace a slot 8 Likes |
| Re: Air Peace To Acquire 70% Stake In LIAT 2020,investments In The Caribbean Airline by Plasmolysis78(m): 7:18pm On May 16, 2023 |
That's a good One 4 Likes 1 Share |
| Re: Air Peace To Acquire 70% Stake In LIAT 2020,investments In The Caribbean Airline by blabulu2000: 7:31pm On May 16, 2023 |
mrvitalis: Chest beater mentally.....who held your people up not to compete with Dangote in Building of refinery....and quite well, there are some Yiibo owners of the Refinery....since they are not well known....ifeanyi Mbah comes to mind...And there are so many local companies doing fine in the aviation industry even better than Air Peace....but no noise... 1 Like |
| Re: Air Peace To Acquire 70% Stake In LIAT 2020,investments In The Caribbean Airline by NzogbuNzogbu: 7:33pm On May 16, 2023 |
Caribbean should get ready for death penalty laws E get why |
| Re: Air Peace To Acquire 70% Stake In LIAT 2020,investments In The Caribbean Airline by Anambra1stSon(m): 7:34pm On May 16, 2023 |
blabulu2000:No indigenous airline that is doing better than Air Peace in Nigeria, he owns the largest aircrafts and control the highest passengers 13 Likes |
| Re: Air Peace To Acquire 70% Stake In LIAT 2020,investments In The Caribbean Airline by Depriest2020: 9:51pm On May 16, 2023 |
post=123176220:You don't have to bost about it, (rather pray for him to succeed more) so that the state will not give him the Ibeto treatment. 1 Like |
| Re: Air Peace To Acquire 70% Stake In LIAT 2020,investments In The Caribbean Airline by Ooni: 11:02pm On May 16, 2023 |
NzogbuNzogbu:Carribbean is not a country. Like Tinubu like follower. 7 Likes |
| Re: Air Peace To Acquire 70% Stake In LIAT 2020,investments In The Caribbean Airline by M4A1carbine: 11:22pm On May 16, 2023 |
Just keep quiet. You write as an obvious illiterate You communicate as an obvious illiterate Why must the internet be accessible to indolent retardds like these agbadorians, who are basically programmed to be failures in real life?? Dangote's refinery is an investment "no doubt" ..but its not a WOW, investment, because a man with a brain will get a refinery Built, as long as there is a water tight FEASIBILITY STUDY!!!.. I dont know why thiefnubuu supporters are truly brain dead...spits.. blabulu2000: 3 Likes |
| Re: Air Peace To Acquire 70% Stake In LIAT 2020,investments In The Caribbean Airline by PrinceOfLagos: 11:37pm On May 16, 2023 |
NzogbuNzogbu:says an illiterate Caribbean is a country to you abi? You illiterate. 6 Likes |
| Re: Air Peace To Acquire 70% Stake In LIAT 2020,investments In The Caribbean Airline by PrinceOfLagos: 11:38pm On May 16, 2023 |
And the Igbos continues to prosper God will continue to prosper the Igbos forever 5 Likes |
| Re: Air Peace To Acquire 70% Stake In LIAT 2020,investments In The Caribbean Airline by PROUDIGBO(m): 11:57pm On May 16, 2023 |
Solsix: That's for the Nigerian gov't to push it. Slots are given to countries not individual airlines. 2 Likes |
| Re: Air Peace To Acquire 70% Stake In LIAT 2020,investments In The Caribbean Airline by horsepower102: 12:39am On May 17, 2023 |
mrvitalis: The wisdom behind what you just said need to be adored. 1 Like |
| Re: Air Peace To Acquire 70% Stake In LIAT 2020,investments In The Caribbean Airline by blabulu2000: 12:52am On May 17, 2023 |
M4A1carbine: Now...English language...is now a thing of pride to you....a foreign and second language which was forced on us a nation. .. Now, it has become your yardstick to measure intelligence... What a shame..!.it is so obvious that your IQ is still locked up in a box as your taskmaster wanted..... Now, Dangote has the largest refinery in Africa....yet there wasn't noise from either his family not from his people...the man is doing fine and he is still one of the richest men in the world....yet no noise whatsoever... your nonsense airline investment news has suddenly become a noise on all social media platforms because one Yiibo man is the owner...and nobody no his source of his wealth. I remembered some years ago when the US asked for his extradition...thank God for the intervention of the Buhari Administration....he would be in the place where Ekeremadu is right now... |
| Re: Air Peace To Acquire 70% Stake In LIAT 2020,investments In The Caribbean Airline by SalamRushdie: 12:55am On May 17, 2023 |
Liat airlines was founded in 1956 and have 3 aircraft , it was owned by 11 carrribean nations , I hope air peace can help them expand their stagnant capacity 3 Likes |
| Re: Air Peace To Acquire 70% Stake In LIAT 2020,investments In The Caribbean Airline by M4A1carbine: 1:04am On May 17, 2023 |
As sophisticated morooons..I don't see the need to empower your foolishness with a response. You are just a dumb Agbadorian mugu...spits  blabulu2000: 4 Likes |
| Re: Air Peace To Acquire 70% Stake In LIAT 2020,investments In The Caribbean Airline by nedekid: 1:05am On May 17, 2023 |
mrvitalis:Shey you know you have instigated or triggered the usual tribal rants that will follow. Air peace or oyema did not go there to acquire stake in that airline as an igbo man. He went there as a Nigerian. He will possibly get their citizenship to give him visa free travel. Of what benefit will it be to an igbo man if he acquires the airline? Will igbos get special cheaper tickets to fly, or free flights? If you are talking of business dexterity, igbos are doing well, others are also doing great without it known. Congrats to air peace on its expansion. |
| Re: Air Peace To Acquire 70% Stake In LIAT 2020,investments In The Caribbean Airline by a4cube: 1:29am On May 17, 2023 |
nedekid:Yeye as always. 1 Like |
| Re: Air Peace To Acquire 70% Stake In LIAT 2020,investments In The Caribbean Airline by Olabukola11: 2:14am On May 17, 2023 |
Drugy money doing wonders |
| Re: Air Peace To Acquire 70% Stake In LIAT 2020,investments In The Caribbean Airline by Ofodirinwa: 4:15am On May 17, 2023 |
This is actually genius. They are trying to block Air Peave from dominating nigerian diaspora traffic. So what better way than to bypass US and Europe and target the Caribean 2 Likes |
| Re: Air Peace To Acquire 70% Stake In LIAT 2020,investments In The Caribbean Airline by plaindealer: 5:10am On May 17, 2023 |
Air Peace is taking resources out of Nigeria to create jobs, to develop and boost air transportation in another country while at the same time killing jobs, denying development and air transportation in Nigeria by suing and preventing the FG from starting Air Nigeria because Ethiopia is a stakeholder in Air Nigeria. ......but the same Air Peace is staking 70% majority shares in another country's airline. See the hypocrisy and sad paradox. This is how Nigerians sabotage their own country because of needless greed. |
| Re: Air Peace To Acquire 70% Stake In LIAT 2020,investments In The Caribbean Airline by Anambra1stSon(m): 5:51am On May 17, 2023 |
blabulu2000:Anu you said there is no media noise about Dangote refinery, the noise you guys have been making here about Dangote despite the man is not from your tribe please go and update yourself US case on Allen Onyema, they've cleared him of wrong doing , three weeks ago, AirPeace acquired new Boeing 737-800 aircraft from US, stop hating bitter mind4 Likes
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| Re: Air Peace To Acquire 70% Stake In LIAT 2020,investments In The Caribbean Airline by Anambra1stSon(m): 6:03am On May 17, 2023 |
plaindealer:Hateful being tell me how he is killing Job  I guess AirPeace is now the cause of Nigeria not to own national carrier You guys are now blaming AirPeace for failing to lunch Air Nigeria you guys promised since APC came into power, when you guys couldn't manage Airk airline? If you don't know, Ethiopia airline has major stake in Chad national carrier, Congo national carrier etc, What's wrong with AirPeace owing major stake in another national carrier Or because is own by Igbo man bitter mind 2 Likes |
| Re: Air Peace To Acquire 70% Stake In LIAT 2020,investments In The Caribbean Airline by mrvitalis(m): 8:18am On May 17, 2023 |
nedekid:Why are you people triggered by the mention of Igbos |
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