Airlines scale back Venezuela operations: report

[Bacchus4.0]

http://news.yahoo.com/airlines-scale-back-venezuela-operations-report-180137890.html

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Ultimas Noticias said 11 of the 26 airlines operating in the country have either reduced the frequency of their flights or were using smaller aircraft to service Venezuelan routes.

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In Venezuela, airlines are required to sell tickets in bolivars under an arrangement in which the government later converts the local currency to dollars.

But IATA says the government has made no dollar payments to the airlines since October.

Tony Tyler, who heads IATA, said Wednesday: "Airlines certainly cannot sustain operations indefinitely if they can't get paid."

[Zorro]

1. Uh oh. Those airlines are going to face Maduro's wrath

"If you leave, you won't be allowed to return and lose money while I'm president!" is such a persuasive argument.