Chairmen Welcome LIAT, Caribbean Star Merger

The decision of the LIAT Board to kick off formal negotiations in an effort to merge with Caribbean Star Airlines has been okayed by the chairmen of both boards.

Jean Stewart Holder, Chairman of the LIAT Board of Directors and R. Allen Stanford, Chairman of the Board of Directors of Caribbean Star Airlines both approved the deal.

Mr. Stanford who, until now has said very little on a subject which, in recent times, has been widely aired in all the Caribbean media, welcomed this development as a historic moment in the life of Caribbean air transportation.

The LIAT chairman endorsed the sentiments expressed by Mr. Stanford and said he looks forward to the two sides getting down to work immediately.

Jean Holder expressed the view that chasms cannot be crossed by little jumps and this commitment by former fierce competitors to work together to transform the landscape of Caribbean air transportation represents the kind of bold and creative approach needed to make a difference in the area of regional air transportation which to date has been characterized by significant failure.