The Government of Montserrat’s shares in Fly Montserrat is Still not a Clear-Cut Matter
The question of the government of Montserrat’s shareholder stakes in Fly Montserrat came under the microscope as the public hearing on sea and air access to Montserrat continued on Wednesday October 11th at the Brades Arts and Education Centre.
The inquiry heard that over the years, the government of Montserrat, through the now defunct Montserrat Development Corporation (MDC), made significant input into the airline since it started operating on the Montserrat/Antigua route.
However, to date, it is still unclear as to whether or not the MDC shares in Fly Montserrat are transferable to the Government of Montserrat.
Premier, the Honourable Joseph Farrell was questioned during the hearing on Wednesday as to the status of the government of Montserrat’s shareholder interest in Fly Montserrat.