LIAT (1974) Ltd was founded in Montserrat in October 1956. LIAT is one of the leading Caribbean airlines. LIAT (1974) Ltd is owned by regional shareholders, with major shareholders being the Governments of Barbados, Antigua & Barbuda and St. Vincent & the Grenadines. LIAT (1974) Ltd has grown over the years and is now the main mode of transportation for people traveling between the islands, serving more than 20 destinations.