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Curacao airline paid by Venezuela; 16 others still waiting
Published on June 18, 2014 Email To Friend    Print Version

WILLEMSTAD, Curacao -- CADIVI, the Venezuelan foreign exchange authority, has paid a large part of the outstanding debt of $75 million to Curacao airline InselAir. This was confirmed by one of the directors of the airline, Edward Heerenveen. The exact amount is not known, but it is probably about three-quarters of the total outstanding debt.

Out a total of 25 international airlines operating to and from Venezuela, 16 have not yet signed a payment agreement with the government of that South American country, through the aeronautical authorities. This was reported by the Association of Venezuela Airlines (ALAV).

Those companies that are still waiting for an agreement are Air Canada, Air France, Alitalia, American Airlines, Avianca, Caribbean Airlines, Copa Airlines, Delta Air Lines, Federal Express, Iberia, LACSA, LAN Airlines, Lufthansa, TACA, TAP Air Portugal and United Airlines.

ALAV indicated that the December 2013 cumulative amount is $3.4 billion, including the months in 2012, which are pending approval from the Venezuelan government.

Republished with permission of the Curacao Chronicle
 
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