Venezuela has issued a 48-hour ultimatum ordering international airlines to resume flights to Caracas or lose operating rights, escalating tensions in the region. The directive follows an FAA warning about hazardous conditions linked to US military activity and heightened tensions between Washington and the Maduro government.
Venezuela has revoked operating rights for six major international airlines—Iberia, TAP Air Portugal, GOL, LATAM, Avianca, and Turkish Airlines—following a 48-hour ultimatum that expired this week. The ban stems from escalating tensions between Caracas and Washington, triggered by an FAA security alert regarding increased US military activity in the Caribbean.
Abra Group is acquiring a majority stake in Chilean carrier SKY Airline after submitting documentation to competition authorities. The current majority shareholders will become minority shareholders, while SKY will maintain its brand, culture, and talent.