Tags: EU | Germany | Venezuela | Lufthansa

Germany's Lufthansa to Suspend Flights to Venezuela

Sunday, 29 May 2016 07:10 AM EDT

BERLIN (AP) — German airline Lufthansa says it is suspending its flights to Caracas, citing the difficult economic situation in Venezuela.

Lufthansa spokesman Andreas Bartels said Sunday that the company is suspending its three weekly Frankfurt-Caracas flights "until further notice" from June 17. He cited Venezuela's economic situation and difficulties in transferring currency.

Venezuela's economy shrank 5.7 percent last year while shortages of basic goods multiplied.

Currency rationing is increasingly cutting Venezuela's global trade. The government has created what amount to subsidized rates for hard currency and requires companies to get approval for converting local bolivars into dollars.

© Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Europe
German airline Lufthansa says it is suspending its flights to Caracas, citing the difficult economic situation in Venezuela.Lufthansa spokesman Andreas Bartels said Sunday that the company is suspending its three weekly Frankfurt-Caracas flights "until further notice" from...
EU,Germany,Venezuela,Lufthansa
97
2016-10-29
Sunday, 29 May 2016 07:10 AM
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