Lufthansa Suspends Caracas Flights because of Venezuela’s economic Struggles

Lufthansa, Frankfurt Airport, Germany, April 7, 2010
The German airline Deutsche Lufthansa stated Saturday it will briefly droop flights to Venezuela as of next month because of the monetary difficulties within the South American united states and issues converting neighborhood currency into bucks.

global airways have for years struggled to repatriate billions of bucks in sales held in the nearby bolivar currency due to exchange controls, prompting many to limit carrier and require that passengers pay fares in dollars.

“We deeply regret that for these reasons, we will be compelled to droop our service among Caracas and Frankfurt as of June 18,” Lufthansa wrote in a statement, noting that demand for global flights to Caracas dropped in 2015 and the first quarter of 2016.

Lufthansa does not plan to shut its office in Caracas.

After a -yr rout in oil charges, the South American OPEC state is struggling with a deep recession and the arena’s maximum inflation price, which has positioned overseas travel out of the attain of maximum of its residents.