Venezuela is nearing a point where air links with the rest of the world will be largely cut off, an IATA official warned. Speaking to reporters June 4 at the IATA AGM in Cancun, IATA regional VP-Americas Peter Cerda said the Venezuelan government “still withholds more than $3.8 billion in airline funds in contravention of treaties that the government has signed” and is nearing a point of no return with the industry. Noting that Venezuela is in “severe” crisis marked ...

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