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Antigua and Barbuda to invest directly in LIAT instead of buying Barbados' shares

The Antigua and Barbuda government has said it will be investing directly in cash-strapped airline, LIAT, instead of buying Barbados' shares.
 
This would be subject to the approval of the other shareholder governments.
 
The government said it has received a $40 million loan commitment from the ALBA Bank.
 
Antigua and Barbuda currently holds 34 per cent of the shares in LIAT.


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