Published On: Mon, May 26th, 2014

Venezuela to repay debt to Insel Air

InselAirCARACAS, WILLEMSTAD - Venezuela's outstanding debts to several airlines, including Insel Air, will be paid off. That was agreed today with the Venezuelan Minister of Economics, Finance and Public Banks Rodolfo Marco Torres. He also spoke today with four other companies.

It is not clear how long Insel Air will have to wait for the compliance of the outstanding claims. In total, there are dozens of airlines that still need to receive their funds from Venezuela. Some arrears of the South American country, which has serious payment problems, date back to previous years. Working groups will monitor the progress of payment arrangements.

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