All about CADIVI

dollars_bolivars
By Edition On Thursday, July 10th, 2014
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Airlines not the only ones affected by Venezuela currency controls

CARACAS, Venezuela -- Venezuela’s arcane system of multiple exchange rates and currency controls is making life difficult not just for airlines but also for other multinational companies doing business in the More...

Delta-Airlines
By Edition On Monday, July 7th, 2014
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Delta follows American in cutting Venezuela routes

CARACAS - Delta Air Lines followed some of its peers in cutting back flights to Venezuela on Monday over a dispute with the government concerning trapped revenue. Delta said it would cut its service to the Latin More...

American Airlines
By Edition On Wednesday, June 18th, 2014
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Fed up with Venezuela, American Airlines slashes flights

CARACAS, MIAMI - Blocking foreign airlines from taking the money they’ve earned out of a country has consequences. After growing weary of negotiating for months over sales trapped in Venezuela, American Airlines is More...

Insel
By Edition On Tuesday, June 17th, 2014
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InselAir paid – 16 other airlines still waiting on payment agreement with Venezuela

Payments and authorizations made ​​until June 15, 2015, the amount of outstanding debt still reached the sum of 3.4 billion dollars. CARACAS, WILLEMSTAD - From a total of 25 international airlines operating More...

tiara
By Edition On Thursday, June 12th, 2014
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Tiara Air requests a moratorium

ORANJESTAD - The Aruban carrier Tiara Air has submitted a request for an extension of the moratorium. The company once again ended up in heavy arrear because the Venezuelan foreign exchange authority CADIVI did More...

Insel
By Edition On Friday, May 30th, 2014
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Insel Air finally gets money from Venezuelan tickets

WILLEMSTAD - Insel Air will receive the first dollars from Venezuela deposited into its bank account this week. It is an overdue payment of ticket sales in that country. These funds were held by the Venezuelan foreign More...

maiquetiaairport
By Edition On Monday, May 19th, 2014
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More airlines leave Venezuela which accentuate its isolation

CARACAS - In Venezuela the shortage is not only about meat, flour, coffee, oncology drugs, vehicle batteries and toiletries. There are also no aircrafts to travel to other countries. The suspension of flights from More...

IATA
By Edition On Friday, May 2nd, 2014
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IATA: ‘Venezuela failing to keep promises on airlines revenues’

CARACAS, WILLEMSTAD -  Venezuela should urgently release $3.9 billion owed to airlines over ticket sales, the International Air Transport Association (IATA) said on Tuesday, saying the government was not keeping More...

Insel Air
By Edition On Wednesday, April 9th, 2014
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InselAir analyzing Venezuelan proposal for debt payment

WILLEMSTAD – The local aviation company InselAir has received a payment proposal from the Venezuelan government. According to Edward Heerenveen, they have received this proposal since Friday last week. The airline More...

Hebert-Josue-Garcia-Plaza-AVN_NACIMA20130913_0257_6
By Edition On Wednesday, April 9th, 2014
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Venezuela modifying its payment agreement to international airlines

CARACAS, WILLEMSTAD – International airlines operating to and from the South American country, Venezuela will get a major hit now that they will not receive what they have deposited in the country’s foreign More...