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LIAT to modernize Caribbean fleet with $65M loan

July 19, 2013

ST. JOHN’S, Antigua (AP) — Antigua-based airline LIAT says it is receiving $65 million in loans from the Caribbean Development Bank to modernize its fleet.

Spokesman Desmond Brown said Friday that LIAT is replacing its entire fleet of 14 Bombardier Dash 8s with 12 ATR 600s.

The airline said it will both lease and buy aircraft, as well as upgrade maintenance facilities, among other things.

LIAT serves 21 destinations across the Caribbean. Its shareholders include the governments of Antigua, Barbados and St. Vincent and the Grenadines.

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