Some $3.8 billion of airlines’ funds remain trapped in Venezuela, which risks losing all air service to the country, IATA DG and CEO Alexandre de Juniac warned. In a Nov. 14 speech at the Latin American and Caribbean Air Transport Association (ALTA) Airline Leaders Forum in Mexico City, de Juniac called Venezuela an “economic basket case” and pushed the country’s government to repatriate money to airlines at a fair exchange rate. Venezuela is in the midst of a ...

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