Tuesday, December 11, 2012

Caribbean Countries to Experience Loss of Air Travel?

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5 comments:

Anonymous said...

Eentually reality will catch up with all our islands.

We cannot run everything from airlines to governments as if some white man is going to come along and bail us out.

Eventuall we will run out of other people's money and will not be able to borrow anything.

December 13, 2012 at 2:52 AM
Anonymous said...

I think there comes a time either for regional gov or LIAT management to either be supported or left to reassess its long term viability - what I mean is either cbean gov forever be in the service of LIAT or continue forever to bail out LIAT or for LIAT to either sell or merge with another airline or just shut down its operations

in Any 1st world country govs Will ha e stopped feeding the fat cow called LIAT

December 13, 2012 at 5:09 AM
Anonymous said...

LIAT is not a fat cow. LIAT is a sick cow.

The symptoms: Bloated operating costs, labour and benefits costs out of line with productivity and the competition, highly depreciated capital assets, and shareholders (government representatives on the board of LIAT)) that are, to all intents and purposes, clueless about the operations management of an airline.

Why should the Saint Lucian government step into this mess?

LIAT is a financial blackhole.

December 14, 2012 at 12:55 PM
Anonymous said...

Is Liat in business to make a profit?....well, if the answer is yes, it has a fiduciary obligation to its share holders to deliver, and stop being the Salvation Army of Caribbean Air Travel!

December 14, 2012 at 1:22 PM
Anonymous said...

The attitude of governments (shareholders) regarding losses is to absorb them in order to keep employment numbers up in the company. This was demonstrated especially at the terminal in Antigua and the stop-over point in St. Vincent.

Job retention rather than viability and sustainability was the priority. This may have been good politics but rotten economics and business.

To come now and ask Saint Lucians to get in and back up this kind of shortsightedness and refinancing this record of political stupidness is disgusting.

LIAT's financial liabilities to Saint Lucia should be converted into equity in an entirely new company.

Start with an entirely new slate by placing the existing company into receivership.

Re-employ current employees under new terms and conditions of employment in alignment with global operating and competitive realities.

Anything short of this is throwing away good money after bad.

December 15, 2012 at 7:08 AM

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