The Economic Development Advisory Board (EDAB) presented a draft diversification roadmap to the ministers and permanent secretaries in attendance at a meeting last week.
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American Airlines cut V’zuela flights
FORT WORTH—American Airlines says it will cut nearly 80 per cent of its flights to Venezuela in a dispute over revenue being held by the South American country. American said yesterday that beginning July 2 it will operate ten flights per week instead of the current 48. And it will only fly to Venezuela from Miami, scrapping flights from Dallas, New York and San Juan, Puerto Rico.
The airline says Venezuela is holding on to at least US$750 million in revenue that American wants to bring back to the US. Other airlines are locked in similar disputes.