The International Air Transport Association has called on the Venezuelan government to address the problem of the $3.7 billion in airline funds the government is withholding from the airlines. The blocked money was generated from airline ticket sales in Venezuela and is being withheld in breach of international treaties. Venezuela has a complex system of currency controls in place by which the government dictates when and how much revenue airlines can repatriate from the country.
NEWS IATA AGM 2015: Industry calls on Venezuela to release airline funds
Melanie aviation journey began at a young age, earning her first pilot certifications while still a teenager, before she ever held a driver’s license! As lead journalist at AIRLIVE.net, she plays a pivotal role in shaping the voice and editorial direction of the website. Her experience spans flight operations, air traffic coordination and emergency incident analysis.
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