Another airline quits Venezuela as IATA urges countries to pay up – while Prince William addresses AGM

IATA is having a busy week at its Dublin AGM. Two bits of news have stood out.

The first follows decisions by both Lufthansa and Latam to stop operating to Venezuela, in light of “the complex macroeconomic situation” – in other words, no cash. Latam Airlines said flights on its Sao Paulo to Caracas route would be suspended within the next few days, while routes to Caracas from Lima and Santiago would be halted by the end of July. Lufthansa’s Frankfurt services end ...