Regional airline LIAT did not get the $1.3EC million requested from Grenada, but they got pretty close to the requested sum.
The Grenada Government has diverted one million dollars towards the cash-strapped regional airline, LIAT.
Maintaining its commitment to making a financial contribution to the regional carrier, Press Secretary in the office of the Prime Minister, Philomena Robertson, on Wednesday confirmed Grenada’s quota to LIAT, which was paid on Tuesday.
Meanwhile, LIAT pilots have rejected a call for them to take a salary cut, as the Antigua-based airline seeks to reverse its financial situation.
President of the Leeward Islands Airline Pilots Association (LIAPA), Carl Burke, said his members are very reluctant to accept the call for reduction in salary at this time.
Earlier this month, St Vincent and the Grenadines Prime Minister Dr Ralph Gonsalves said progress had been made regarding the future direction of the regional airline, following a more than four hour meeting in Barbados.
The Barbados meeting was held against the move by the shareholders to get Caribbean countries to contribute a total of US$5.4 million in emergency funding needed to keep the airline in the sky.
Under the Minimal Revenue Guarantee (MRG) model, it is likely that a few flights may be cut if the government is not prepared to fund them with a guarantee, Gonsalves said, adding that theoretically, several countries have no quarrel with the Minimal Revenue Guarantee.
A regional news outlet has reported that workers in all the 15 destinations served by LIAT have also rejected a salary cut.