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Grenada prepared to lease aircraft to ease intra-regional travel woes

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CMC: Grenada’s Prime Minister Dickon Mitchell says his administration is prepared to lease an aircraft if Caribbean governments are unable to sort out the regional transportation sector by year-end.

Caribbean travel has been thrown into chaos following the collapse of the Antigua-based regional airline, LIAT (1974) limited with the region travelling population disgruntled at the inability to move around as freely as they used to during LIAT’s operations.

In an exclusive interview aired on WPG10 on Friday night, Mitchell, who led his National Democratic Congress (NDC) to power in June, said the regional airline sector needs urgent fixing and that there needs to be more decisive movement on the issue before year-end.

“If by October, November, we don’t have an arrangement …then it means if Grenada has to go and lease the planes so that we can fly between Grenada and Barbados and Trinidad and Tobago we will have to do so.

“The truth is we can’t get to Trinidad,” Mitchell said, noting however that with several new leaders in the Caribbean he is optimistic that the situation will be dealt with.

“Let’s put it this way, I am optimistic it will not get to that,” he said, adding that regional governments must be prepared to spend more money on regional transport.

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“I have made it quite clear we have to put money, if not into LIAT 2020, if not Inter Caribbean then some other vehicle that is prepared to fly, it is as simple as that,” Mitchell added.

In August, regional leaders met to discuss the situation regarding air transportation in the Caribbean amidst concerns that both regional and international travellers are finding it very expensive and difficult to commute.

Mitchell said then it was agreed that a consultant would be retained to provide advice to the heads of the region as to how we can address the critical need to have, particularly air transportation resumed at a level that existed prior to COVID-19.

Caribbean Community (CARICOM) leaders at their summit in Suriname in July had agreed on a new modern Multilateral Air Services Agreement (MASA) that will allow for a new framework within which air transportation will operate in the region.

St. Vincent and the Grenadines Prime Minister, who had served as LIAT chairman, said that countries, particularly those in the Eastern Caribbean were being severely affected by the loss of thousands of seats “because LIAT, as it was, is no longer before us.

LIAT is owned by the governments of Antigua and Barbuda, Barbados, Dominica, and St Vincent and the Grenadines (SVG).

Antigua and Barbuda Prime Minister Gaston Browne said previously that a decision had been taken that would allow Barbados and SVG to turn over their shares in LIAT to St. John’s for one EC dollar (One EC dollar=US$0.37 cents).

Earlier this year, Prime Minister Browne appealed to Caribbean trade unions to re-think their positions regarding the latest offer made to laid-off workers of the airline.

The Grenada Prime Minister told reporters that LIAT (1974) Limited “is bankrupt and that has been made clear and it is in receivership”.

LIAT (1974) limited in June 2020, entered into court-appointed administration after a high court judge in Antigua and Barbuda granted a petition for the cash-strapped pan-Caribbean carrier’s reorganisation.

The Guyana-born Cleveland Seaforth has been appointed LIAT’s administrator for the duration of proceedings.

The airline owes former employees including pilots millions of dollars in severance and other payments.

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One response to “Grenada prepared to lease aircraft to ease intra-regional travel woes”

  1. It’s amazing that the same Grenada that couldn’t find ONE CENT to give LIAT, is now threatening to lease aircraft.
    Black ppl can never unite to make themselves stronger.

REQUEST FOR EXPRESSIONS OF INTEREST

(CONSULTING SERVICES – INDIVIDUAL SELECTION)

 

OECS MSME Guarantee Facility Project

Loan No.: IDA-62670, IDA-62660, IDA-62640, IBRD-88830, IDA-62650

Assignment Title: Senior Operating Officer (SOO)

Reference No. KN-ECPCGC-207852-CS-INDV

 

The Governments of Antigua and Barbuda, Commonwealth of Dominica, Grenada, St. Lucia and St. Vincent and the Grenadines have received financing in the amount of US$10 million equivalent from the World Bank towards the cost of establishing a partial credit guarantee scheme, and they intend to apply part of the proceeds to payments for goods, and consulting services to be procured under this project. 

The consultant will serve as the “Senior Operating Officer (SOO)” for the ECPCGC and should possess extensive knowledge of MSME lending with some direct experience lending to Micro, small and medium-sized businesses, knowledge of the internal control processes necessary for a lending operation and the ability to design and implement risk mitigation procedures. The ideal candidate should possess an Undergraduate Degree from a reputable college or university, preferably in Business, Accounting, Banking or related field, with a minimum of 5 years’ experience in lending, inclusive of MSME lending. The initial employment period will be for two years on a contractual basis. Renewal of the contract will be subject to a performance evaluation at the end of the contractual period. The assignment is expected to begin on September 30th, 2021.  The consultant will report directly to the Chief Executive Officer of the ECPCGC.

The detailed Terms of Reference (TOR) for the assignment can be viewed by following the attached link below. 

 

https://bit.ly/3iVannm

 

The Eastern Caribbean Partial Credit Guarantee Corporation (ECPCGC) now invites eligible “Consultants” to indicate their interest in providing the Services. Interested Consultants should provide information demonstrating that they have:

  • An Undergraduate Degree from a reputable college or university, preferably in Business, Finance, Banking or related field; and
  • Minimum of 5 years’ experience in MSME lending. Applicants should also have:
  • The ability to design and implement risk management procedures 
  • Extensive knowledge of MSME lending with some direct experience lending to small and medium-sized businesses
  • Extensive knowledge of MSME banking operations
  • Knowledge of the internal controls necessary for a lending operation and the ability to design and implement risk management procedures
  • Experience developing and presenting information in public, including responding to questions in real-time
  • Experience lending to MSMEs located in the ECCU
  • Knowledge of marketing and communicating with the MSME sector
  • Ability to draft procedures to be used in a lending operation
  • Familiarity with the mechanics of a loan guarantee program
  • Exceptional written, oral, interpersonal, and presentation skills, and
  • Proficiency in the use of Microsoft Office suite.

The attention of interested Individual Consultants is drawn to Section III, Paragraphs 3.14, 3.16, and 3.17 of the World Bank’s Procurement Regulations for IPF Borrowers July 2016, [revised November 2017] (“Procurement Regulations”), setting forth the World Bank’s policy on conflict of interest. A Consultant will be selected in accordance with the Approved Selection Method for Individual Consultants set out in the clause 7.34 of the World Bank Procurement Regulations for IPF Borrowers. 

 

Further information can be obtained at the address below during office hours 0800 to 1700 hours:

Eastern Caribbean Partial Credit Guarantee Corporation

Brid Rock, Basseterre,

St. Kitts.

Expressions of interest must be delivered in a written form by e-mail by August 11th, 2021, to [email protected]

 

For further information, please contact:

Carmen Gomez-Trigg                                                            Bernard Thomas

Chief Executive Officer                                                          Chief Financial Officer

Tel: 868-620-8144                                                                  Tel: 869-765-2385

Email: [email protected]                                          [email protected]