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Tuesday, February 14, 2012
The Maurice Bishop International Airport in Grenada may have to be shut down due to a dispute between the nation and Taiwan over money owed to its former Asian benefactor.
The alarm was raised when Atlantic, American Airlines, British Airways and Delta were forced to comply with a court order to pay money owed to the Grenada government into an account created by Taipei.
This was an act of restitution by an American court to quell the dispute between the two countries.
Taiwan had commenced legal action to recover EC$70 million (US$25 million) in default loans from the state owned export import bank shortly after Grenada broke diplomatic relations in 2005.
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