IATA says Venezuela failing to meet obligations
By: AJOT | May 01 2014 at 03:40 PM | Channel(s): Air Cargo
The International Air Transport Association (IATA) called on the Venezuelan government urgently to honor its commitment made in March to permit the repatriation of $3.9 billion of airline funds at fair exchange rates. The funds are from sales of airline tickets in Venezuela and are being held in contravention of international treaties.
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