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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Airlines are fleeing from Venezuela

    Lobo
    Lobo
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    Posts : 28411
    Join date : 2013-01-12

    Airlines are fleeing from Venezuela Empty Airlines are fleeing from Venezuela

    Post by Lobo Sun 29 May 2016, 4:47 pm

    Airlines are fleeing from Venezuela

    CARACAS (Reuters) - German airline Deutsche Lufthansa AG said on Saturday it will temporarily suspend flights to Venezuela as of next month due to economic difficulties in the South American nation and problems converting local currency into dollars.

    International airlines have for years struggled to repatriate billions of dollars in revenue held in the local bolivar currency due to exchange controls, prompting many to limit service and require that passengers pay fares in dollars.

    "We deeply regret that for these reasons, we will be forced to suspend our service between Caracas and Frankfurt as of June 18," the company wrote in a statement, noting that demand for international flights to Caracas dropped in 2015 and the first quarter of 2016.

    Lufthansa does not plan to shut its office in Caracas.

    Following a two-year rout in oil prices, the South American OPEC nation is struggling with a deep recession and the world's highest inflation rate, which has put foreign travel out of the reach of most of its citizens.

    American Airlines in March said it was scrapping a recently-reinstated direct flight between Caracas and New York due to low demand.

    http://www.businessinsider.com/r-lufthansa-suspends-caracas-flights-as-venezuelan-economy-struggles-2016-5?utm_source=feedburner&%3Butm_medium=referral&utm_medium=feed&utm_campaign=Feed%3A+businessinsider+%28Business+Insider%29

      Current date/time is Thu 13 Jun 2024, 3:47 pm