The effects of the COVID-19 pandemic led to the liquidation of LIAT (1974) after many unsuccessful years. The company officially ceased operations on January 24, 2024 and laid off more than 90 employees. LIAT20 was incorporated in Antigua and Barbuda in July 2020, in collaboration with a local private company
Air Peace Caribbean Ltd. Air Peace Caribbean Ltd Ltd holds a 70% stake in the company and has been responsible for the leasing of the new Embraer E145s that are being used for the initial routes of the airline. Air Peace Caribbean Ltd and the Government of Antigua and Barbuda invested USD$65 million and USD $20 million respectively. The airline received the first two of the new
Embraer ERJ 145 regional jets in April 2024 and announced that flights would start within weeks. At the time, inter-island connections were prioritized with the Government looking to revise previous routes of LIAT (1974) such as those to Puerto Rico and the U.S. Virgin Islands. It was also announced that a larger
Embraer E195-E2 jet would be acquired in the future. The airline also operates the
ATR 42-600 turboprop aircraft. The airline commenced operations on August 6, 2024, with the inaugural flight to Castries, Saint Lucia. It was announced that scheduled service would begin 2 weeks later, on August 19, 2024, on a twice-daily, thrice weekly Antigua-Saint Lucia-Barbados routing. On 12 July 2025 the airline rebranded to Liat Air. == Destinations ==