IATA seeks solution to keep Venezuela connected despite blocked funds

Three years ago, Venezuela contracted a debt of more than USD 3.8 billion with several air carriers, a situation that persists over time and has not been resolved yet

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The International Air Transport Association (IATA) announced on Thursday reported that it filed a request for anti-trust immunity with the US Department of Transportation to maintain connectivity to Venezuela, despite the fact that the blocked-funds issue continues in some air carriers.

Three years ago, Venezuela contracted a debt of more than USD 3.8 billion with several airlines, a situation that persists over time and has not been solved so far.

Air carriers have claimed they do not want to stop flying to the Caribbean nation, yet they request payment. In that sense, they agreed on a strategy to find a solution, as reported by Efe.

“Despite years of effort by IATA and its members to resolve the issue, there has been little action by the Venezuelan government. We are now asking the US government to approve anti-trust immunity for discussions among airlines focused on maintaining connectivity while the blocked funds crisis persists,” reads a communiqué.