Business
LIAT CEO Ian Brunton resigns amid re-fleeting woes
The CEO of troubled regional carrier LIAT (Leeward Islands Air Transport), Ian Brunton has resigned.
News of Brunton’s departure from the carrier was revealed to reporters by the Prime Minister of Saint Vincent & the Grenadines Ralph Gonsalves, who also is the chair of the share holder governments of the airline.
According to Gonsalves, Brunton’s resignation would be discussed by the carrier’s board of directors.
Under his contract, Brunton needs to give board of directors a 3 month notice of the intent of resignation. The board will in turn respond to indicate whether they have accepted the resignation.
Brunton’s resignation comes after the poor implementation of LIAT’s re-fleeting exercise over the past few weeks erased any profits that the airline hoped to make over the summer period.
The major shareholder governments of the airline include: Antigua & Barbuda, Barbados, St. Vincent & the Grenadines and Dominica.
Brunton, a former CEO of Trinidad & Tobago-based Caribbean Airlines Ltd (CAL) has been spearheading the airline multi-million dollar re-fleeting exercise of the beleaguered carrier.
