The International Air Transport Association (IATA) called on the Venezuelan government to honour 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 $424 million shared among a number of airlines, continuing sales in the country have seen the total amount owed grow to $4.1bn. Many carriers have ceased or restricted services to Venezuela in response to the withheld funds. As a result, international capacity to and from Venezuela is down 49% from peak service levels offered

This content is restricted to site members.

If you are an existing user, please login below.
New users may register below.

Existing Users Log In