Published On: Thu, Aug 17th, 2017

Avianca estimates its losses in Venezuela at USD $ 300 million

avianca3BOGOTA - The Colombian airline indicated that it had to face conditions in which sometimes there was no electricity in the check in areas or simply “we lost our bags in Caracas.”

During a recent presentation of its financial balance, the airline Avianca referred to its suspension of operations in Venezuela and indicated that this decision had to be adopted due to the difficult conditions in which they had to work.

Hernan Rincón, president of Avianca, said that after analyzing the situation in Venezuela, it was reported that the money pending in this country amount to 300 million dollars.

“Working in Venezuela was very difficult, we had to face conditions where sometimes there was no electricity in the check in areas or simply lost our bags in Caracas, if we compare this last point with other cities in the world, the index was quite worrying,” said Rincon.

Avianca said that it was regrettable to have to suspend its operations in Venezuela and reiterated that as soon as conditions are favorable to return, they will do so, provided that it guarantees an operational and financial security.

“It was more than 60 years of commercial relations with that country and the truth is that our intentions are set to come back, but we will not risk adverse conditions for our industry and that is why we believe we will have to wait for everything to improve,” said Hernán Rincón.

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