As Foreign Airlines Battle over Trapped Fund

In 2016 many oil producing countries that were hit by economic crunch due to low prices of the product could not allow international carriers to repatriate their revenues as foreign exchange became very scarce. Twenty months after, airlines that operate to Nigeria still battle government for the full repatriation of their funds.  At the peak […]

United Airlines Latest Carrier to End Flights to Venezuela

United Airlines intends to suspend all of its flights to Venezuela next month, a move that will further isolate the Latin American country engulfed in political turmoil and an economic crisis. United spokesman Charles Hobart said in an email to Bloomberg on Friday that daily service from Houston to Caracas will be canceled because of […]