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Thorp & Company | Articles
Aeropostal Venezuela - Caracas Central
Airbus and Boeing will also be represented along with representatives from export credit agencies, multilateral organisations and leading international banks.
Venezuela Undecided on U.S. Airline Ban: Financial News - Yahoo! Finance
The FAA has had safety restrictions in place since 1995 that prevent Venezuelan airlines from flying to the United States using their own planes or from starting new services.Two Venezuelan carriers, Aeropostal and Santa Barbara, are able to operate flights to the U.S. only by leasing planes from American companies.That costs Aeropostal, which rents crews, mechanics and pilots from Ryanair and Falcon Air, an extra US$3 million (euro2.5 million) a year, Ramiz said.Venezuelan authorities are demanding the FAA lift those restrictions by upgrading Venezuela to category 1 from a category 2 safety rating, saying it has long corrected problems with airline safety procedures and the civil aviation authority to meet international safety standards.Unless that demand is met, Venezuela says it will impose the ban, which will prohibit all flights by Houston-based Continental Airlines Inc. and Atlanta-based Delta Air Lines Inc., and restrict most flights by Fort Worth, Texas-based AMR Corp.'s American Airlines.Nelson said the 10 years of restrictions have benefited the U.S. carriers, which control 90 percent of the U.S.-Venezuela market, at the expense of domestic airlines."We want to have a piece of that pie in that market," Ramiz said.
United Nations Development Programme
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