All about CADIVI

By Edition On Wednesday, August 30th, 2017

Moses wants money from Venezuela

WILLEMSTAD - Curacao must claim Cadivi's 100 million debt to InselAir in Venezuela during negotiations with that country. This is according to the Member of Parliament Marilyn Moses. “We should not think too easily More...

By Edition On Wednesday, July 26th, 2017

Etienne Ys: “InselAir has to give up hope on 200 million guilders from Venezuelan Cadivi”

WILLEMSTAD - The Chairman of the Committee of Wise Men of InselAir, Etienne Ys has indicated that the airline must give up hope of ever receiving its money from the Venezuelan foreign exchange organization Cadivi. Given More...

By Edition On Thursday, April 13th, 2017

InselAir’s CFO: “InselAir’s 100M claim in Venezuela is real”

WILLEMSTAD – In his dissertation during yesterday’s central committee meeting of parliament, InselAir’s Chief Financial Officer Andre Delger said that the company’s claim in Venezuela is real. On the website More...

By Edition On Monday, December 12th, 2016

Venezuelan debt to airlines in Latin America: 3.8 billion dollars

CARACAS – The Venezuelan debt to Latin American airlines, including InselAir and Tiara Air totals 3.8 billion dollars. This is according to the International Air Transport Association (IATA) in their preview of More...

Airport employees dismantle the counters of German airline Lufthansa at Simon Bolivar international airport in Caracas, on June 17, 2016.
German airline Lufthansa suspended flights to crisis-hit Venezuela for an indefinite period as of today owing to the economic crisis in the country. The service, three times a week, was Lufthansa's only flight between Germany and Venezuela. Currency controls in Venezuela make it impossible for airlines to convert their earnings into dollars and send the money abroad.
 / AFP / FEDERICO PARRA        (Photo credit should read FEDERICO PARRA/AFP/Getty Images)
By Edition On Friday, October 7th, 2016

Airlines want their money back from Venezuela

They’re asking the U.S. government for immunity from antitrust law so they can work together to retrieve $4 billion. Airport employees dismantle the counters of German airline Lufthansa at Simon Bolivar international More...

By Edition On Saturday, September 24th, 2016

IATA wants to increase pressure CADIVI funds

WASHINGTON - IATA will help airlines, including InselAir to retrieve their money from Venezuela. The interest organization has requested assistance from the United States to achieve this. Venezuela owes about 3.8 More...

By Edition On Friday, May 6th, 2016

InselAir requires financial injection of 30 million

WILLEMSTAD - The Curaçao airline InselAir requested the government of Curaçao a financial injection of 30 million guilders. This is according to a report from the local newspaper Extra. The money is needed so More...

By Edition On Monday, May 2nd, 2016

Caracas to pay Insel Air another 90 million dollars

WILLEMSTAD – Once again, the South American country Venezuela is heavily in debt to InselAir. Director of Foreign Affairs, Edward Heerenveen has indicated that the Venezuelan foreign exchange authority CADIVI More...

By Edition On Monday, January 5th, 2015

InselAir flying with smaller aircrafts to Venezuela

WILLEMSTAD – The local aviation company InselAir has recently started operating with smaller aircrafts to its destinations in Venezuela. That is one of the measures that the airline is taking against to the rising More...

By Edition On Monday, July 14th, 2014

Venezuela’s airlift woes deepen as United cuts flights

CARACAS, Venezuela -- On Friday, United Airlines became the last of the three largest US carriers to cut flights to Venezuela in a dispute with the government over cash trapped in the country. Service will be reduced More...