Sherman Maynard, the 27-year-old police constable, who was killed in the line of duty during the prison break at the Port-of-Spain State Prison last month, is one of five persons who will receive...
You are here
Airline lobby says Venezuela will repay debt
CARACAS, Venezuela—Venezuela’s airline lobby says the government will allow foreign carriers to repatriate the US$3.8 billion in revenue that has been stuck inside the country due to currency controls. The Venezuelan Airlines Association announced that the administration of President Nicolas Maduro will allow companies to take ticket revenue out of the country using the exchange rate in place at the time of the sale.
The association said the money would be released over the coming year. The socialist country requires airlines to charge tickets in the local currency, and airlines had feared it would only be allowed to recover their earnings at a far weaker exchange rate. The move comes days after the international airline lobby said 11 airlines have cut service to the country and more could follow.
User comments posted on this website are the sole views and opinions of the comment writer and are not representative of Guardian Media Limited or its staff.
Guardian Media Limited accepts no liability and will not be held accountable for user comments.
Guardian Media Limited reserves the right to remove, to edit or to censor any comments.
Any content which is considered unsuitable, unlawful or offensive, includes personal details, advertises or promotes products, services or websites or repeats previous comments will be removed.