LIAT meaning in Governmental ?

LIAT (1974) Ltd, also known as Leeward Islands Air Transport Services and operating as LIAT, is a regional airline headquartered in Antigua and Barbuda that operated high-frequency inter-island scheduled services to 15 destinations in the Caribbean. The airline's main base was V.C. Bird International Airport, Antigua and Barbuda, with a secondary base at Grantley Adams International Airport, Barbados.

On 27 June 2020, the Antiguan prime minister Gaston Browne announced that LIAT would be liquidated following increased debt and the economic impact of the COVID-19 pandemic. The airline will be reformed into a new entity Liat (2020) which will continue to provide connections between the Caribbean islands.

On 24 July 2020, the Government of Antigua and Barbuda secured an order for administration for LIAT and named Cleveland Seaforth of BDO as administrator of the company. Seaforth was given a 120-day deadline to devise a restructuring plan and present it to the Eastern Caribbean Supreme Court.