caribny wrote:Brickell305 wrote:
The thing is LI won’t have 30 seat planes. They’re essentially stuck with the leased ATRs they have now. Any plan to re-fleet (and therefore re-train pilots) is a non starter as LI doesn’t have the resources to do that. The new LI will have to make it work with ATRs, a more aggressive BW and one government on which to rely.
Gaston's plan is to right size down to smaller planes, . The reality is that the southern Caribbean will no longer be available to LI. The northern Caribbean cannot really absorb even the ATR42s. WM cannot service the northern Caribbean as SBH is their priority and they will be a plane down. Inter loves the grandiose and is betting on BGI even though that is far from its EIS base, and some might argue replacing LI up north might be more appropriate, given their fleet of 30/19 seat planes. The BGI hub can absorb 2 airlines at best so one of the 3 will have to go and it isnt going to be BW.
It might well be that SKB and DOM might have to cough up some money for L!2.0. The regional market is the largest for DOM (though most is on ferries from the French islands) and the 2nd largest for SKB, which is also the HQ for the ECCB/ECCX. The latter will need reliable access to ANU, SLU, BGI and POS. Its far north and its market is somewhat thin, so it doesnt have the best bargaining position.
Gaston’s plan is anything but downsizing. That might be the initial plan but medium to long term, he is looking to expand:
However, the Antigua plan said if the existing shareholder governments are not interested in investing in the reorganized LIAT, they will be requested to surrender their shares for EC$1.00, which it claims is a superior offer to what they would get in liquidation.
“As far as practicable, the private sector should be encouraged to participate in the recapitalization and directorship of LIAT. Private sector ownership and participation is desirable and would bring a greater focus on commercial operations of LIAT and profitability.”
The plan also notes that LIAT, after it returns to good financial health, is to offer jet services out of Miami on a wet lease of two jet aircraft, should necessary feasibility studies confirm that such services would be profitable.
The plan indicates that the jet service could also open up new markets that connects the Caribbean and Latin America to include Panama to facilitate inter-regional movement of people and goods.
https://www.caribbeannationalweekly.com ... quidation/