Don't Burn Our Bridges: The Case for Owning Airlines is the title of a book by Jean Holder, the current chairman of LIAT. It is a serious work that should be read by all who are concerned with Caribbean economic integration and the growth of the services industries at both the national and regional levels.

Holder is uniquely placed to write the book not only because of his position with LIAT, but also because of his past work as secretary general of the Caribbean Tourism Organisation and the Caribbean Tourism Research and Development Centre.

His basic argument is that Caribbean governments must own a regional airline. "To those who say Caribbean governments cannot afford to do this, I reply that they cannot afford not to,'' he emphatically declares.

As Holder sees it, the countries of the Caribbean "depend on air transportation services to connect them with the world and each other, and for this, they cannot rely solely on foreign carriers, which would take decisions about services, routes, schedules and financial performances according to the best interests of their owners and shareholders''.

One of the compelling reasons that Holder advances for a Caricom airline is the ambition to create a regional Single Market and Economy. "In a vibrant, working single market and economy where there is a greater harmonisation of regional and international policies than currently exist, the political directorate of the Caricom member states must know for certain that it is not a hostage to external forces, for either political or economic reasons.

The possibility exists that not only would some foreign-owned airlines desert some countries in the region if they felt those destinations had become uneconomic, but also that the airlines that remain could demand higher prices for the services they provide. In this regard, it is important that all Caricom countries have a carrier, owned within the region, on which they can rely and which they can use to stabilise prices, provided that the governments of all the countries understand that they cannot expect other regional governments to subsidise their routes.

This is the contention currently with LIAT — the airline that serves the eastern and southern Caribbean. LIAT is owned and financed by only three of Caricom's governments — Antigua and Barbuda, Barbados and St Vincent & the Grenadines. The St Vincent prime minister, Ralph Gonsalves, makes the point repeatedly that many other Caricom countries (not Bahamas, Belize, Jamaica, Trinidad and Tobago, and Suriname) depend on LIAT to provide air transportation for people, the services industries and some goods, but they decline to contribute to the cost.

It is quite remarkable that some of the Caribbean countries that refuse to participate financially in LIAT have no hesitation in providing subsidies to large foreign-owned airlines to continue flying into their countries. British Airways, American Airlines and even German airlines have been the beneficiaries of such subsidies.

The Caribbean has also witnessed the financial failure of airlines that have been owned within individual states either by governments or private sector companies. BWIA, owned by the Government of Trinidad and Tobago, collapsed under a mountain of debt and had to be closed down to rid itself of many of its unsustainable obligations. The Trinidad and Tobago Government assumed most of the debts of BWIA and launched Caribbean Airlines which now flies far fewer routes.

Jamaica, too, saw Air Jamaica seamlessly accumulate huge debt in a transition from government to private sector and back to government ownership, until the IMF made it clear, as part of its conditions for a loan to the government to prop up the economy, that Air Jamaica had to be sold.

In an arrangement between the governments of Jamaica and Trinidad and Tobago, Caribbean Airlines now owns Air Jamaica. Even though the name "Air Jamaica'' will remain, the airline is now effectively owned by Caribbean Airlines and will be merged with it.

It has long been argued that the airlines owned by individual Caribbean states in pursuit of their "symbols of nationhood and sovereignty'' were luxuries they could not afford.

When Holder was writing this book, he could not have envisaged that Caribbean Airlines would have bought out Air Jamaica a few months later. He said: "The move from national ownership and control to what I refer to as community ownership and control would require a sea change in the thinking of the region, not only among political leaders but also at the level of the people themselves.''

That sea change has begun, swelled by a huge tsunami of necessity that is wrecking weak national capacity and underscoring the urgency of more robust capability from deeper Caribbean economic integration.

It has taken severe economic collapse in Jamaica to cause pride to be swallowed and a single airline to be created for Jamaica and Trinidad and Tobago.

Caribbean Airlines should also buy out LIAT and merge it into the entity that now owns Air Jamaica, and shares in the merged entity should be bought by all Caricom governments. In turn, the services of the merged single Caribbean carrier should extend to Belize and the Bahamas in the north and to Suriname in the south creating, at last, the bridge throughout the countries of Caricom that has long been needed.

• Sir Ronald Sanders is a consultant and former Caribbean diplomat