SVG Gov’t To Write Off Over $14 Million Owed By LIAT

The Government of St Vincent and the Grenadines (SVG) will write off over $14 million that it is owed by LIAT 1974 Ltd in Administration.

Speaking on NBC Radio on Wednesday, Prime Minister Dr Ralph Gonsalves said he received a letter on August 25 from the Administrator of the grounded regional airline, asking that its debts be waived.

He said the total debt the carrier owes SVG is just over $14.5 million, of which $12 million is owed to the Argyle International Airport.

“I have no problem in writing off the debt that LIAT owes to us,” The Prime Minister said.

By News784

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