The International Air Transport Association (IATA) has sent its fourth letter to Venezuelan President Nicolas Maduro petitioning airlines to repatriate funds, now estimated to be $4.1 billion, at the original exchange rate. To date, Venezuela has allowed the repatriation of $425 million to airlines, but the country also is offering to allow airlines — and other companies — to repatriate funds at a much lower exchange rate than the 6.3 bolivars to the dollar at which the revenues ...

THIS CONTENT REQUIRES SUBSCRIPTION ACCESS

You must have an Aviation Week Intelligence Network (AWIN) account or subscribe to this Market Briefing to access "IATA Calls On Maduro To Repatriate Airline Revenues From Venezuela".

 

Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.

 

Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.

Already registered? here.