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Old Jun 18, 2014 | 1:44 pm
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AA Cuts Flights to Venezuela- Due to Currency Controls

FYI..

From the BBC at http://www.bbc.com/news/world-latin-america-27895233

"American Airlines says it is cutting almost 80% of its flights to Venezuela from next month.

From July 2, American will operate only 10 flights per week instead of the current 48.

The move comes as part of a continuing dispute over the repatriation of revenue due to tight currency controls in the oil-rich country.

A number of airlines have already suspended or reduced the number of flights to Venezuela.

"Since we are owed a substantial outstanding amount ($750m, £442m to March 2014) and have been unable to reach resolution on the debt, we will significantly reduce our flights to the country after 1 July," the airline said in a statement.

American said it would only fly to Venezuela from Miami, suspending its flights from New York, Dallas and Puerto Rico."
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