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  • Prospects of a new LIAT emerge amidst concerns over InterCaribbean Airways

Prospects of a new LIAT emerge amidst concerns over InterCaribbean Airways

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(Searchlight) — A “new LIAT” could be in the making, even as passengers across the region continue to complain about the inadequacies of InterCaribbean Airways.

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On Sunday August 20, Prime Minister Dr Ralph Gonsalves said on the ‘Issue at Hand’ programme on We FM that he is awaiting a document from the Caribbean Development Bank (CDB) in relation a new LIAT.

LIAT 1974 Ltd, which serviced the Caribbean for almost 50 years was shut down in July 2020, then restructured in November 2020, providing a very limited service to the region. Only one or two of its ATR42-600s are operational at present.

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This has resulted in travellers within the region having to use other airlines such as InterCaribbean Airlines, which has racked up a poor record in relation to reliability and customer service.

On Saturday night, SEARCHLIGHT highlighted the plight of a newly wed Canadian couple whose flight out of St Vincent with InterCaribbean had been cancelled. The couple is blaming the airline for causing them to miss their connecting flight back to Canada.

The couple, along with three other family members, were left stranded at the Argyle International

Airport (AIA) when they tried to return to Canada on Saturday August 19. The plane on which they were to travel to Barbados reportedly had engine problems, resulting in them missing their connecting flight.

Up to press time on Monday, August 21, the couple was still stranded in St Vincent.

Many other travellers have also told similar stories about InterCaribbean Airways.

On Sunday, Dr Gonsalves said the airline’s service “is absolutely terrible.”

“It’s a terrible service,” he added.

In relation to the new LIAT, Gonsalves said he had spoken recently to officials of the Caribbean Development Bank and made some practical suggestions.

The Prime Minister said he is also having talks with Caribbean Airlines to bring some measure of relief to travellers to and from St Vincent and the Grenadines.

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One response to “Prospects of a new LIAT emerge amidst concerns over InterCaribbean Airways”

  1. Well sah.
    If CDB are advising on a total new LIAT from scratch rather than rebuilding LIAT(1974) LTD and dealing with its liabilities
    then bad advise probably is being put forward.
    LIAT(1974) Ltd , a company owned by several Caribbean Governments, in their current condition
    represents the worst level of bad faith in business that one can have .
    Any new LIAT could end up doing the same thing. And in a much quicker time frame.
    So suppliers,Agents and Airports looking to collect landing fees etc will have to collect any monies due promptly .

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
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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]