Global Standards, Essential for a Sustainable and Competitive air Sector in Venezuela

Published on : Friday, July 28, 2017

iataThe International Air Transport Association (IATA) urged the Venezuelan government to respect global standards to ensure the competitiveness and sustainability of air transport in Venezuela.
“Venezuela, unfortunately, is disconnecting itself from the world in terms of air connectivity. Like any country, Venezuela needs robust connectivity and the important economic benefits it generates.


However, the Venezuelan government is not meeting the necessary requirements for this to happen, such as the retention of 3.8 billion dollars belonging to airlines or a fuel sales system that damages international airlines in Venezuela, “he said. Peter Cerdá, regional vice president of the Americas for IATA.

Control of foreign exchange and fuel
Venezuela’s refusal to repatriate US $ 3.8 billion of funds violates international treaties to which it is a signatory, such as the provisions of bilateral investment treaties, which require the immediate repatriation of revenues to the country of origin Of airlines.
Venezuela also does not guarantee equal treatment for the different airlines competing in the country. The Venezuelan government demands payment in dollars for purchases of fuel from foreign airlines, a measure that contradicts the non-discriminatory nature of the ratification of the Chicago Convention, which is especially problematic when one considers that the purchase of fuel is a Of the few ways that airlines have to spend the funds accumulated in local currency and that can not repatriate.

“In many parts of the world we have seen that when governments apply a regulatory framework different from that set at the international level, passengers and industry suffer. And this is the case of Venezuela. The airlines want to serve the country but they need to have minimum guarantees of economic and social stability to be able to continue investing in the country, “said Cerdá.



Source:- IATA

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