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Article: Caribbean Star Airlines Confirms Talks with LIAT.
- Article from:
- Business Wire
- Article date:
- October 6, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ST. JOHN'S, Antigua -- Caribbean Star Airlines confirmed today that it has entered into discussions with LIAT toward possibly joining forces and creating a new airline combining the best of the two carriers. It is anticipated that the talks, which have been ongoing for several weeks on an informal basis, will accelerate with today's news that LIAT's Board of Directors has authorized the carrier to pursue negotiations with Caribbean Star on a formal basis.
Skip Barnette, president and CEO of Caribbean Star Airlines and its sister carrier, Caribbean Sun Airlines, commented on the discussions with LIAT, saying: "While competition is the best system in some ...