In total the Lufthansa Group serves 316 destinations in 101 countries from its hubs in Germany, Switzerland and Austria.
Many airlines now require passengers to pay fares in hard currency, but a deep recession and rocketing inflation has put foreign travel out of many Venezuelans’ reach.
“What we want is to keep the place connected”.
The International Monetary Fund (IMF) predicts the Venezuelan economy will shrink eight percent in 2016 and will contract an additional 4.5 percent in 2017. AP material published by LongIsland.com, is done so with explicit permission.
Minister Winde commended the province’s tourism sector for their role in the launch of new flights to the region. Please see our terms of service for more information. Namely, repatriating revenue from the South American country due to currency controls, and a sharp drop in ticket demand, particularly among business travelers.
In a statement, Latam airlines said it would suspend its operations to Caracas airport “temporarily and for an unspecified time”.
The company had already reduced flights to Caracas, and a spokesman said the just-suspended routes made up less than 1 percent of its overall operations.
The deepening economic crisis has led Venezuela’s opposition to push for a petition to recall President Nicolas Maduro.
The German carrier will fly between two cities every Wednesday, Friday and Sunday. “According to Schulz, Lufthansa has chosen departure and arrival times carefully to offer travellers the best possible options to access connections to the entire Lufthansa route network”.
In the meantime, the country is struggling to avoid a default, with state-owned oil company, PDVSA, heavily indebted. Coca-Cola recently announced that they were stopping production of their famed beverages in the country due to a shortage of refined sugar.
