QUITO Jan 24 Ecuador's airline TAME has
temporarily suspended its direct flights to Caracas because it
is owed about $43 million for ticket sales held by Venezuela's
A wide range of industries in Venezuela say they are waiting
for the currency control authorities to disburse billions of
dollars in hard currency. Airlines say they are owed about $3.3
billion between them and some have cut back on flights.
"When we receive the money owed to TAME, we will restart the
flights immediately," the Ecuadorean airline said in a statement
issued late on Thursday.
TAME, the only Ecuador carrier that ran daily flights
between the two countries, said the $43 million was from ticket
sales in Venezuela since April 2013. It said passengers who
bought tickets for suspended flights would be reimbursed.