New Commentary posted
Thursday 2 February 2012
Regional air transportation is once again up in the air. LIAT, the workhorse of the Caibbean, is embattled with Caribbean Airlines which flies on subsidised fuel from the Trinidad and Tobago government. LIAT lost EC$60 million over the last two years whie CAL declared a profit on the basis of its subsidised fuel. If the situation continues, LIAT will collapse. Yet Caribbean governments will not sit down together to work out a relationship that would benefit local and tourism travel.