GOVERNMENT, AIR PEACE AGREE ON JOINT EFFORT TO INVEST IN LIAT 2020

The Government of Antigua and Barbuda has agreed to the terms of a joint initiative with Africa’s largest private carrier, Air Peace, to boost investments in LIAT 2020 Ltd.
Both parties in the joint venture are to invest in the Antigua-based LIAT 2020 through cash and other assets, with Air Peace set to acquire a majority stake. The aim is the emergence of an airline able to respond to the demand for inter-island connectivity in the Eastern Caribbean. A release from the Office of the Prime Minister says LIAT 2020 will provide safe and reliable air transport services to passengers and cargo across the region and beyond.
Foreign Minister, the Honorable E.P. Chet Greene underscored underlined the government’s commitment to the revitalization of the carrier which plays an important role in the Caribbean region’s social and economic development. He also welcomed Mr. Onyema’s continued interest in investing in a tangible manner in LIAT 2020.
Air Peace Chairman, Allen Onyema, noted his commitment to developing a viable and sustainable airline.
Air Peace is the largest privately owned airline in Africa with a fleet of over 38 aircraft and over 3000 employees, serving markets in Africa, the Middle East, India, China, and Israel with plans for expansion into Europe.