LIAT CEO resigns in surprise move

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The CEO of Caribbean carrier LIAT Ian Brunton has presented his resignation to the board of directors after remaining only little more than 12 months in the role.

A company spokesman confirms that Mr. Brunton's resignation letter has been received by the board of directors, which will issue a statement on the matter "soon". No further explanation for Brunton's decision are available at this point.

Loss making Antigua based LIAT is undergoing a restructuring process, as it is in the process of phasing in its new ATR 42/72-600 fleet, which has caused some publicly criticised reliability and on-time performance issues during the summer period.

As a whole the airline industry in the region continues in constant change and recently the government of Trinidad and Tobago announced the end of fuel subsidies to Caribbean Airlines, LIAT's closest competitor, giving in to LIAT's long-running lobbying effort against the subsidy.