Air Canada says it may resume flights to Venezuela that were suspended in March, if outstanding issues are addressed.
However, the airline on Monday denied a published report in Venezuela that said the carrier has informed the government of its intention to resume scheduled service.
Air Canada says it will consider resuming operations if issues such as the payment of funds from ticket revenues are addressed by the South American country.
The Montreal-based airline was one of several global carriers that suspended flights, citing on-going civil unrest that prevented it from ensuring the safety of its operations.
An international association representing global airlines says US$1.4 billion of revenues are being held by the government in breach of international treaties.
International capacity to and from the country is down 49 per cent from peak levels last year and 36 per cent from last summer.
Prior to the suspension of flights, Air Canada operated three return flights weekly between Toronto and the Venezuelan capital.