By Mina Booker
Grenada maintains that they would like to see cash strapped airline the Leeward Islands Air Transport (LIAT) continue to provide service region.
Minister of Trade, Industry , Cooperatives and CARICOM Affairs Hon Oliver Joseph on Tuesday 5th said that in order to contribute state resources to the cash strapped airline, they must be restructured.
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He was speaking at Tuesday’s post Cabinet Briefing at the Ministry of Works Conference Room , In St.George.
The well-known Caribbean airline has been under financial pressure;Trinidad’s Prime Minister Dr.Keith Rowley last week reported that the airline only had days cash-on-hand left, to continue operations.
Joseph said that The Grenadian government have requested a formula from the airline to assist in determining the amount it need s to contribute.
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Joseph says there should be type of Political influence on the board.
Audio PlayerLIAT founded in 1974 is said to be in need of a $5 million infusion of cash.
