Airlines exiting Venezuela because of World Cup, Maduro says
Source: Reuters
CARACAS (Reuters) - Airlines are halting flights to Venezuela not because of the country's economic problems but to take advantage of the World Cup in neighboring Brazil, the president said on Thursday.
Air Canada recently cut flights to Venezuela because of security concerns, Alitalia suspended services due to delays in repatriating revenue under currency controls, and a clutch of other airlines have reduced the frequency of flights.
Venezuela owes airlines some $4 billion, according to the International Air Transport Association, because the airlines have to sell tickets in the local bolivar currency but cannot get approval to repatriate the revenue.
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"Some of these European airlines have reprogrammed flights until the World Cup is over and they're re-routing flights to Brazil, given the large number of people round the world who want to enjoy the best World Cup we'll see."
Read more: http://news.yahoo.com/airlines-exiting-venezuela-because-world-cup-maduro-says-230957586--sow.html
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