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Air Canada jets sit by the gates at Toronto Pearson International Airport in Toronto on April 25 2013.
Air Canada jets sit by the gates at Toronto Pearson International Airport in Toronto on April 25 2013.
(Fred Lum/The Globe and Mail)

Stephanie Nolen

Money, not civil unrest, keeps Air Canada grounded in Venezuela

When Air Canada suspended flights to Venezuela on March 17 the airline blamed “on-going civil unrest” and said it could “no longer ensure the safety of its operation.”

But the next line of Air Canada’s announcement hints at what may be the more accurate explanation. The “onerous currency restrictions imposed on all airlines preventing them from recovering their funds from Venezuela” are making it impossible to do business, Air Canada says.