Antigua and Barbuda dispatched EC$2 million (KY$610,000) to the LIAT court-appointed receiver for distribution to resident former LIAT workers on Monday. The payment is limited to former LIAT workers resident in Antigua and Barbuda.
This payment is intended to meet partial satisfaction of the cash component of the compassionate pay out which the Antigua and Barbuda Government has volunteered, though the government has no legal obligation to make any such payments.
The payment is intended to bring some Christmas cheer to those who have been unable to earn incomes since they were severed although they had requested much more and the total owed is over KY$40m.
Antigua and Barbuda, a 34 percent shareholder, has taken over operation of the airline since its collapse in April 2020. Barbados with 49 percent along with St Vincent and the Grenadines, Dominica and Grenada, make up the other major shareholding governments. Following LIAT’s collapse Antigua and Barbuda, St Vincent and the Grenadines and Dominica agreed to write off debts owed to them by LIAT.
In June this year, almost 100 former Barbadian LIAT workers started receiving a promised EC$2,000 (KY$610) per month that would be repaid from any future severance payment.
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