LAN, TAM Airlines reach agreement with Venezuela regarding disbursement of unremitted funds

Posted on July 22, 2014 • Filed under: Brazil, Chile, Latin America Aviation, TRAVEL, Venezuela reported LAN Airlines (LA, Santiago de Chile Int’l) and partner TAM Linhas Aéreas (JJ, São Paulo Congonhas) have reportedly reached an agreement with Venezuelan government concerning the partial disbursement of unremitted ticket-sale funds. In a statement issued on July 20, the LATAM Airlines Group announced it had accepted Caracas’ proposal in regards to the repatriation of funds equivalent to the total owed money for fiscal year 2013 for all carriers of the group. Read Article

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