Aeromexico halts flights to Venezuela as crisis deepens

Another airline bites the dust of Venezuela’s worsening crisis, adding to the increasingly common sight of a near-empty tarmac at the Simón Bolívar airport serving Caracas. Aeromexico announced Thursday it had halted flights to Venezuela. In the latest signal of the dire state of an economy now ravaged by food riots, the carrier said that “after almost 5 years of having started operations between Mexico City and Caracas, it has decided to suspend its flights indefinitely due to the complex economic environment that rules in the country.” Foreign airlines have been struggling to repatriate money received from Venezuelan customers in local Bolívar currency due to exchange controls. IATA recently said the socialist govt was withholding US$3.8b from the carriers generated from ticket sales. <br/>
Financial Times
https://next.ft.com/content/356ff15e-7c66-3b73-b9a4-56b5aff89cab
6/23/16