The Caribbean Development Bank (CDB) says it was not party to the sale agreement of the three aircraft formerly operated by the defunct LIAT 1974 Ltd, dba LIAT (Antigua and Barbuda), over which it holds mortgages. Its only role, it underlined, is to provide the necessary consent for the sale, which it has already done.

The bank said this in response to Antiguan Prime Minister Gaston Browne’s comments, who has urged the CDB to release USD12.1 million reportedly held in escrow at the Eastern…

Source: ch aviation
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