
President Nicolas Maduro warned airlines on Friday not to cut services for Venezuela over billions of dollars they are owed and threatened them with permanent expulsion. Airlines that serve Venezuela are battling to recover $3.7 billion blocked by the government, the head of industry body IATA said this week, accusing Caracas of breaking international rules. Latin American airline Avianca-Taca said Wednesday it was suspending flights between San Jose and Caracas beginning April 7 due to a lack of profitability. Other foreign airlines including Ecuador's Tame, Air Canada, Portugal's TAP and Panama's Copa Airlines have already reduced operations in Venezuela. For an "airline that reduces (operations) I will take severe measures. The company that leaves the country will not return while we hold power," Maduro told a press conference in Caracas. Maduro, the handpicked leftist successor of the late firebrand Hugo Chavez, said that a reduction in operations "was part of the war they want to wage in Venezuela." Venezuelan law requires air tickets to be sold in non-convertible bolivars, the national currency, which the government then exchanges with the airlines using US dollars. But Venezuelan authorities ceased the dollar payments to the airlines in October, the International Air Transport Association (IATA) said. Tony Tyler, who heads IATA, said Wednesday: "Airlines certainly cannot sustain operations indefinitely if they can't get paid."
GMT 17:19 2018 Thursday ,11 January
China factory gate inflation slows to 13-month lowGMT 17:50 2018 Wednesday ,10 January
German industrial output rebounds in NovemberGMT 17:39 2018 Wednesday ,10 January
Samsung tips record Q4 operating profit of more than $14 bnGMT 17:29 2018 Tuesday ,09 January
German industrial orders dip in NovemberGMT 15:36 2018 Thursday ,04 January
China factory activity accelerated in December: CaixinGMT 13:33 2018 Wednesday ,03 January
Turkey inflation rate eases but still stubbornly high in DecemberGMT 16:27 2018 Monday ,01 January
China manufacturing activity slows in DecemberGMT 17:36 2017 Sunday ,31 December
Spain to leave EU's deficit 'sin bin' next year: Rajoy
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor