Venezuela: Viasa Airline Investment Plans for 1992 Barbara Khol

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4-30-1992 Venezuela: Viasa Airline Investment Plans For 1992 Barbara Khol

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Recommended Citation Khol, Barbara. "Venezuela: Viasa Airline Investment Plans For 1992." (1992). https://digitalrepository.unm.edu/notisur/9126

This Article is brought to you for free and open access by the Latin America Digital Beat (LADB) at UNM Digital Repository. It has been accepted for inclusion in NotiSur by an authorized administrator of UNM Digital Repository. For more information, please contact [email protected]. LADB Article Id: 061511 ISSN: 1060-4189 Venezuela: Viasa Airline Investment Plans For 1992 by Barbara Khol Category/Department: General Published: Thursday, April 30, 1992

On April 23 in Caracas, VIASA president Rafael Ordozgoiti told reporters that the airline plans to invest US$25 million this year in the purchase of two Boeing 727s aimed at increasing services by 16%. The rest of the company's fleet consists of six DC-10s and two Airbus planes. VIASA will add flights to London, Zurich, Madrid, Santiago de Compostela, Rome, Milan, Buenos Aires, Bogota, Miami and New York, in addition to opening a new route (Caracas-Cartagena-San Jose, Costa Rica). Ordozgoiti said another US$5 million will be invested in computer system upgrade aimed at raising departure and arrival punctuality from 88% to over 90%. VIASA was privatized in September last year. A consortium headed by Spain's Iberia airline acquired a 60% stake in the Venezuelan air carrier. (Basic data from Agence France-Presse, 04/23/92)

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