The Venezuelan debt to Latin American
airlines, including InselAir and Tiara Air totals 3.8 billion dollars. This is
according to the International Air Transport Association (IATA) in their
preview of the year 2017. “The refusal of the Venezuelan foreign exchange
authority CADIVI to pay the tickets sold in the Venezuelan currency Bolivars in
dollars to the airlines is contrary to international obligations,” says the
IATA representative. The aviation organization already announced in September
this year that it wants to help the airlines to get their money back but so far
these efforts have been to no avail. Even despite the measures taken by the
United States. More… 
Tuesday, December 13, 2016
Venezuelan Debt To Airlines In Latin America: 3.8 Billion Dollars
The Venezuelan debt to Latin American
airlines, including InselAir and Tiara Air totals 3.8 billion dollars. This is
according to the International Air Transport Association (IATA) in their
preview of the year 2017. “The refusal of the Venezuelan foreign exchange
authority CADIVI to pay the tickets sold in the Venezuelan currency Bolivars in
dollars to the airlines is contrary to international obligations,” says the
IATA representative. The aviation organization already announced in September
this year that it wants to help the airlines to get their money back but so far
these efforts have been to no avail. Even despite the measures taken by the
United States. More… 
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