ST. JOHN’S, Antigua, Jul 25, CMC – Antigua and Barbuda Prime Minister Gaston Browne says he does not support a proposal for the majority shareholding in a new regional airline to be placed in the hands of foreign investors, as Caribbean Community (CARICOM) leaders get ready to discuss the future of the cash-strapped airline LIAT.

“We also had a proposal from investors…out of Nigeria and they had indicated an interest in purchasing 75 per cent of the shares in LIAT. But the governments in the region are also interested in literally reviving LIAT and re-investing in LIAT.

“I think that is a superior option because the problem is if you have an entity outside of the region with the majority of the shares it would be just a matter of time before the price gouge us and we would be looking at the regional option,” Browne told listeners to his weekend radio programme here.