“American Airlines says it is cutting almost 80% of its flights to Venezuela from next month. Tight foreign currency controls make it difficult for foreign airlines to repatriate money from ticket sales in Venezuela. The authorities have restricted access to dollars and want to make them more expensive to purchase, which may lead to losses for companies that are still waiting for cash from as far back as 2012. In January, Ecuadorean airline Tame also suspended flights to Venezuela, demanding $43m (£26m) in overdue payments for tickets. President Nicolas Maduro said at the time that airlines that reduced their operations in Venezuela would face ‘severe measures’.”
http://www.bbc.com/news/world-latin-america-27895233
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
To pay for a 'Russia first' agenda, Putin takes ax to military spending
Is cloud computing the next tech bubble?
Lawmakers propose cyber crime reforms inspired by Aaron Swartz
Greek Battle Looms Over Property Tax On Farmers, City Properties
Jordanians ‘suspicious’ about U.S. troop movements
Pre-election Bin Laden raid film will feature extra Obama footage
The Sharing Economy Fights Back Against Regulators
Mitt Romney may have breached ethics laws through company linked to Paul Ryan's brother
China’s falling real-estate prices trigger protests, clashes
Canada to privatize its medical marijuana industry, ban personal growing
Brazil May Require Google, Facebook to Store Data Locally
Costly Iraq war left U.S. no stronger in Middle East
Should Puerto Rico Shut Down Schools to Pay Its Debts?
India gives top security protection to country’s richest man Mukesh Ambani
U.S. Blames China’s Military Directly for Cyberattacks