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Regional air carrier, (LIAT) were meeting on Wednesday in st johns Angitua to consider a new financial proposal brought forward by the Texan billionaire Allen Stanford(sole shareholder of Caribbean Star Airlines) to assist the cash-strapped carrier.

This  merger between the two carriers is seen as a way out of financial difficulty for both LIAT and its closest competitor Caribbean Star, which virtually operates the same route as LIAT and has a similar schedule throughout the island.

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