Tag: Andres Izarra

• Saturday, January 11th 2014 - 06:30 UTC

  Airlines operating in Venezuela have 3.3bn dollars trapped by currency controls

  

  International airlines operating in Venezuela have 3.3 billion trapped because of currency controls, the International Air Transport Association, IATA, revealed. Airlines have to wait around 12 months for the government to convert their Bolivar earnings into dollars, with the time lag growing, according to the Venezuela Airline Association.