May 29, 2016 4:57 AM

Germany's Lufthansa to suspend flights to Venezuela

The Associated Press

BERLIN (AP) German airline Lufthansa says it is suspending its flights to Caracas, citing the difficult economic situation in Venezuela.

Lufthansa spokesman Andreas Bartels said Sunday that the company is suspending its three weekly Frankfurt-Caracas flights "until further notice" from June 17. He cited Venezuela's economic situation and difficulties in transferring currency.

Venezuela's economy shrank 5.7 percent last year while shortages of basic goods multiplied.

Currency rationing is increasingly cutting Venezuela's global trade. The government has created what amount to subsidized rates for hard currency and requires companies to get approval for converting local bolivars into dollars.

--  Dealing with the Disease of Addiction? Click here for help --

--

»Comments

Must Read on NH1.com

Concord, NH
Broken Clouds 38°
5pm 39°
6pm 38°
7pm 37°
8pm 37°

 

N.H. DollarSaver

 Monday, 1:30 p.m. - White House Press Secretary Sean Spicer

 

 

NH1 on Facebook

Download NH1 App

NH1 on Twitter

Check out NH1 News Rail Polls on LockerDome on LockerDome