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Liat is bankrupt
#228818
06/27/2020 09:13 PM
06/27/2020 09:13 PM
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Joined: Oct 2000
Posts: 4,267 Vero Beach, Fl and South Sound...
tpcook
OP
Traveler
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OP
Traveler
Joined: Oct 2000
Posts: 4,267
Vero Beach, Fl and South Sound...
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Liat, which is a Caribbean airline doing flights in the Caribbean is going into bankruptcy. They hope to start up a leaner airline and continue flying. Not good for the region but not unexpected. Probably also means Liat tickets have no value.
tpcook
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Re: Liat is bankrupt
[Re: tpcook]
#228861
06/28/2020 09:09 AM
06/28/2020 09:09 AM
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Joined: Jan 2020
Posts: 28
sisterblysse
Traveler
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Traveler
Joined: Jan 2020
Posts: 28
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Re: Liat is bankrupt
[Re: tpcook]
#228876
06/28/2020 10:01 AM
06/28/2020 10:01 AM
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Joined: Feb 2016
Posts: 8
bimjim
Traveler
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Traveler
Joined: Feb 2016
Posts: 8
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From a long time aviation professional...
1. For **_DECADES_** LIAT has been mismanaged from the very top - shareholder chairman down to top management - by political appointees and friends of the Board. Antigua had its share of political appointees, but no appointee from ANY country has ever been competent for a Board or top management position.
2. Barbadians cry out for LIAT to be based there, but on a practical note there are THREE very good reasons why Barbados should NOT be the new airline's Head Office - - a) Between overwhelming Bajan bureaucracy and local taxes the airline would NOT be profitable and would recede back into today's "begging" model - b) With Barbados having its own currency - and with its overwhelming ever-braking time-wasting bureaucracy - the new airline would ALWAYS have a problem sending and receiving money overseas for the range of transactions which every airline MUST have - c) Barbados does not have an independent CAA, and due to political lack of interest (and resignations by Officers in disgust) its CAD is unqualified, incompetent and unable to oversee the few small aircraft it has on the registry now. Excessive stupidity (or political instructions) made the BCAD accept a Boeing 747 on its registry - even though the BCAD does not have the personnel or qualifications to approve maintenance on just its nose wheel alone.
3. However you may feel about Antigua, it is the one place where most of the facilities already exist and where an airline of this size can operate without the usual political and bureaucratic harassment. To recreate that somewhere else (hangars, offices, infrastructure) would be a load of some US$30 million on the new owners. Not to mention the hardship in resettlement of all the licenced professionals (half of the company - pilots, engineers) who would have to relocate
4. The fault of the crash of LIAT lies not in COVID or in the people of the Caribbean whose hundreds of millions in taxes have supported it, it lies in the politicians who have for almost 50 years steadfastly refused to make LIAT into a commercial entity. In particular in Marxist Dictator Comrade Fat Ralph "Ganja Man" Gonsalves who has made sure for the last 15 years that the taxpayer supported the airline in increasingly greater costs, and that no qualified or competent person sat on the Board or in executive management positions. Even now, there is not a single person on the Board who really understands aviation, far less airlines.
Dictator Comrade Fat Ralph "Ganja Man" now has Argyle, SVG Air and One Caribbean on site, and no longer needs LIAT. Why he has not been rotated out as Chairman, as all regional leaders are, is a complete mystery, and smacks deeply of political corruption.
Maybe it is time for LIAT to go. But what may replace it - Caribbean Airlines - may be worse for the rest of us. Trinidadian politicians and CAL management have already made it crystal clear that any routes they fly MUST make money, so whether they get sweetheart seat subsidies or they charge excessive fares - or even operate the routes you want to fly at all - will be a Trinidadian decision which has nothing whatsoever to do with our needs. So if you think CAL is the solution to our problems, wheel and come again.
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Re: Liat is bankrupt
[Re: tpcook]
#228886
06/28/2020 11:07 AM
06/28/2020 11:07 AM
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Joined: Jan 2005
Posts: 4,557 Toronto, Ontario
gordaguy2
Traveler
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Traveler
Traveler
Joined: Jan 2005
Posts: 4,557
Toronto, Ontario
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Have only flown LIAT a few times but the lack of professional management was evident in the poor website, late arrivals, and departures, and the cumbersome operational practices at EIS/LIAT desk.
GordaGuy2
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Re: Liat is bankrupt
[Re: bimjim]
#228928
06/28/2020 02:43 PM
06/28/2020 02:43 PM
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Joined: Aug 2000
Posts: 82,788 Central Florida!
Carol_Hill
Traveler
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Traveler
Joined: Aug 2000
Posts: 82,788
Central Florida!
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So, it was a news article that you copied, despite copyright restrictions.. You are perfectly justified in posting YOUR impressions. Do NOT copy and paste news articles in full. A link is perfectly fine.
Last edited by Carol_Hill; 06/28/2020 02:51 PM.
Carol Hill
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Re: Liat is bankrupt
[Re: Manpot]
#228932
06/28/2020 05:29 PM
06/28/2020 05:29 PM
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Joined: Jun 2004
Posts: 49 southern calif
LoneHighway
Traveler
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Traveler
Joined: Jun 2004
Posts: 49
southern calif
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Mal--
that would be too perfect if you registered Virgin Caribbean--what a payback!!
once in a lifetime you live and die
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Re: Liat is bankrupt
[Re: sisterblysse]
#228959
06/29/2020 09:27 AM
06/29/2020 09:27 AM
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Joined: Jan 2005
Posts: 4,557 Toronto, Ontario
gordaguy2
Traveler
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Traveler
Traveler
Joined: Jan 2005
Posts: 4,557
Toronto, Ontario
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Same problems that all the airlines have - it's a tricky balance between ticket revenues and costs of fuel, leases, landing fees, people, and maintenance.
GordaGuy2
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