The Government of Antigua and Barbuda has partnered with Air Peace, Africa’s largest private carrier, to increase investments in, regional airline, LIAT 2020 Limited.
Both parties will invest in the Antigua-based airline, with cash and other assets, with Air Peace acquiring a majority interest.
The goal is to create an airline that can meet the demand for inter-island connectivity in the Eastern Caribbean.
According to a statement from the Office of the Prime Minister, LIAT 2020 is expected to provide secure and dependable air transport services for passengers and goods throughout the region and beyond.
Foreign Minister EP Chet Greene said the government’s commitment to the carrier’s revival, which is crucial to the social and economic prosperity of the Caribbean area.
The minister also thanked Allen Onyema for his continuous commitment in investing significantly in LIAT 2020.
Allen Onyema, chairman of Air Peace, promised to build a prosperous and sustainable airline.
Air Peace, Africa’s largest privately owned airline, employs over 3,000 people and serves markets in Africa, the Middle East, India, China, and Israel, with intentions to expand into Europe.