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.
Daher Aircraft has delivered the 400th Kodiak, marking a significant achievement for the multi-role airplane family as its customer base continues to expand across government, commercial, business and...
Airbus Helicopters officially delivered the first NH90 Standard 2 to the French Armament General Directorate. This new variant of the NH90 TTH was designed specifically for special operations. Fr...
TAP Air Portugal successfully conducted operational tests of a new lightweight aircraft paint technology capable of reducing the weight of its aircraft by up to 26 kg per plane. This innovation is par...
Federal Aviation Administration has issued a Special Airworthiness Certificate in the Experimental Category for Heart Aerospace X1 demonstrator aircraft. The certificate authorizes Heart to commence f...
