Venezuela News

IATA AGM 2015: Industry calls on Venezuela to release airline funds

IATA AGM 2015: Industry calls on Venezuela to release airline funds

The International Air Transport Association has called on the Venezuelan government to address the problem of the $3.7 billion in airline funds the government is withholding from the airlines. The blocked money was generated from airline ticket sales in Venezuela and is being withheld in breach of international treaties. Venezuela has a complex system of currency controls in place by which the government dictates when and how much revenue airlines can repatriate from the country.

British man killed while holidaying in Venezuela

British man killed while holidaying in Venezuela

20th Jul 2011 Tourism News

A British holidaymaker has been shot and killed on the Venezuelan island of Margarita. The brother the deceased – named by the British Foreign & Commonwealth Office as 28 year-old Thomas Ossel from Bedfordshire - was also shot and injured during the incident.