50 SKY SHADES - World aviation news

Lufthansa prepares to suspend fights to Venezuela

Download: Printable PDF Date: 30 May 2016 01:56 category:
Publisher:
Lufthansa prepares to suspend fights to Venezuela - Airports / Routes publisher
Tatjana Obrazcova
Country: Venezuela Aircraft: Airplanes Airline: Lufthansa
Source: Euronews

German airline Lufthansa has said it plans to suspend flights to Venezuela next month due to the worsening economic situation in the country. 

The carrier said currency controls in the South American nation had made it impossible for it to convert earnings into dollars and repatriate revenue.

Lufthansa added that it hoped to restore services in the near future.

The low oil price has badly hit Venezuela’s economy currently suffering triple digit inflation and a chronic shortage of basic goods. 

Last week, Coca Cola also announced a halt to some of its operations in the country due to a lack of sugar. 

The deepening economic crisis has led Venezuela’s opposition to push for a referendum to recall President Nicolas Maduro.

So far he has refused to budge, despite efforts from several former leaders, including Spain’s ex-Prime Minister Jose Luis Rodriguez Zapatero, to mediate the political stand-off.



Loading comments for Lufthansa prepares to suspend fights to Venezuela...


Recommended

airBalticTraining Pilot Academy Opens Application Process

The Latvian airline airBaltic today, on December 11, 2017, opens application process for candidates to the airline’s newly established Pilot Academy at airBalticTraining. Persons selected will b...

Oriens Aviation moves into Pilatus PC-12 MRO support with Avalon Aero London Biggin Hill acquisition

Oriens Aviation, the exclusive Pilatus Centre for the British Isles, has reinforced its commitment to the world's best-selling single engine turboprop (SET), the Pilatus PC-12, and the growing SET...

Bell Helicopter's Mirabel facility celebrates completion of 5,000th aircraft

Bell Helicopter, a Textron Inc. company, announced that the company's Canadian facility located in Mirabel has completed its 5,000th aircraft.  The aircraft, a Bell 407GXP, will be owned b...

Rolls-Royce obtains final approval for acquisition of ITP

Rolls-Royce has obtained the approval of all the relevant authorities for the acquisition of the outstanding 53.1% shareholding in Industria de Turbo Propulsores SA (“ITP”) owned by SENER...