Tuesday, June 12, 2012

Fire at LIAT Hangar

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3 comments:

Anonymous said...

I hope that they scrap that aircraft that was damaged. I don't trust LIAT to do a safe repair.

June 12, 2012 at 10:11 AM
Betta Dazs Ahed said...

most likely that aircraft was burnt up totally.. i dont trust liat i agree with u.. liat will tell u that the loss millions..lets wait for an independent & outside investigators from north america possibly.. liat may jack up prices subtly in the coming yr.. liat needs to close down let caribbean airlines take over they have the money and the backing of trinidad the wealthiest oil rich english speaking caribbean island.. liat with barb, antig , st vincent have small economies even if they get dominica which is a truely small economy and even if they get st lucia putting money into liat .. still liat will not see their heads above water anytime soon esp since its headquartered in antigua that is the biggest prob..blotted salaries for a start

June 12, 2012 at 12:23 PM
Anonymous said...

Scrap LIAT because the pension and benefits scheme do not reflect and can not be supported with today's operating expenses or elements of its variable cost. That scheme is too generous and too costly to maintain.

It may be even better, if costed correctly, to payout early retirement and bring in new hires at today's rates as a cost-cutting measure or turnaround strategy.

Put the airline into receivership, and sell any useful assets with a reasonable useful life left to a new concern or in an exchange as equity.

The much larger problem is that the shareholder governments also see the LIAT business as part of their job creation, job generation or job retention efforts, historically, Antigua in particular.

Most of the PMs as representing the shareholder group, have never run a 'for profit' or private sector business. This is reflected clearly in the type of language used when discussing the financial operations of that airline. There is no prime ministerial mention or question of which elements of fixed cost need to be eliminated or trimmed. The same goes for the airlines variable cost. This clearly betrays an overwhelming bias towards effectiveness over efficiency, when clearly both are required for the long-term survival profitability of LIAT.

June 12, 2012 at 4:14 PM

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