The International Air Transport Association (IATA) called on the Venezuelan government to honor the commitment it made in March to permit airlines to repatriate, in full and at fair exchange rates, airline funds being blocked in the country. While the government has permitted the repatriation of US$424 million shared among a number of airlines, continuing sales in the country have seen the total amount owed grow to a staggering $4.1 billion. Airlines can no longer afford the risk of not … [Read more...] about Venezuela still blocking US$4.1b owed to airlines
Venezuela
Americas: Venezuela cuts flights by US airlines
Venezuela has ordered US airlines to reduce flights after the United States questioned the country’s airport security. In mid-September the US government issued a travel advisory questioning security measures at Venezuelan airports – a decision that drew sharp criticism from Venezuelan officials. The move opens a new of source of tension between Venezuela and the US, which regularly clash over President Hugo Chavez’s policies on drugs, free trade and oil prices despite the … [Read more...] about Americas: Venezuela cuts flights by US airlines
