Three More Airlines Suspend ticket sales in Venezuela, owed billions of dollars

Three more international airlines on Friday joined the list of companies that have suspended ticket sales in Venezuela, complaining that the government owes them billions of dollars.

U.S.-based American Airlines and United Airlines and Panama’s Copa Airlines said they were halting ticket sales in Venezuela in lieu of the government’s failure to pay arrears that as of last month totaled $2.6 billion. Under Venezuela’s complicated foreign exchange rules, the government acts as intermediary in foreign sales of goods and services transacted in the country. Read Article