The Administrator of LIAT, appointed by the Court nearly four weeks ago, has submitted to the Prime Minister and Minister of Finance an accounting of the monies owed by LIAT to the Antigua and Barbuda Government and its several bodies.
The amount owed for taxes collected through the sale of tickets exceed EC$5,470,000; to the Airport Authority exceed $1,922,000; to APUA for water, electricity and telephone services more than $701,000; and a variety of other taxes, $457,000.
The grand total owed to the Government of Antigua and Barbuda by LIAT (1974) Ltd. totals $8,552,989.
The Cabinet of Antigua and Barbuda took the decision to forgive the entire debt owed by LIAT in order to ensure that LIAT may fly again.
(Antigua News Room)