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christx30

(6,241 posts)

51. So the solution is to

Mon Jul 28, 2014, 06:37 PM

Jul 2014

get the bolivars exchanged for francs, pounds, ect, and then go elsewhere and convert them to US dollars. Just one more middleman to go through. Slightly less money, but it's better for the company than relying on a Venezuela based company that doesn't have license to manufacture the part.

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IATA seeks meeting with Venezuela president over money owed to airlines [View all] hack89 Jul 2014 OP

No, this is what happens when a country COLGATE4 Jul 2014 #1

This isn't about "paying bills." candelista Jul 2014 #2

This IS about not paying the bills Perseus Jul 2014 #3

No. candelista Jul 2014 #4

They earned that money christx30 Jul 2014 #5

These are corporate profits, extracted from Venezuelan customers. candelista Jul 2014 #7

They weren't "extracted" christx30 Jul 2014 #12

That's libertarianism. candelista Jul 2014 #21

Wouldn't this be billions of dollars in un-repatriated earnings? Igel Jul 2014 #27

You can NOT do whatever you want with your money and you never could. fasttense Jul 2014 #52

What about the costs of operating geek tragedy Jul 2014 #6

The money has to be spent in Venezuela. candelista Jul 2014 #8

"That's all." How many 777's does VN manufacture geek tragedy Jul 2014 #9

Airlines have to buy 777's through a Venezuelan intermediary. candelista Jul 2014 #11

In other words, it's a simple shakedown. geek tragedy Jul 2014 #14

Defending corporate profits? candelista Jul 2014 #15

If VN wants to start its own airline by all means geek tragedy Jul 2014 #16

There are plenty of other airlines in the world. candelista Jul 2014 #19

Not if they lose money by flying there. nt geek tragedy Jul 2014 #23

Corporate profits christx30 Jul 2014 #17

You don't understand what profits are. candelista Jul 2014 #18

If VN wants to prevent airlines from making any geek tragedy Jul 2014 #20

They'll get to that. candelista Jul 2014 #22

That's net profit...gross profit is before expenses. EX500rider Jul 2014 #33

That's just a verbal disagreement. candelista Jul 2014 #41

Also wrong. EX500rider Jul 2014 #44

Look. candelista Jul 2014 #46

You expect companies not to make a profit? Throd Jul 2014 #29

All companies should be non-profit. candelista Jul 2014 #30

Why not? EX500rider Jul 2014 #35

That doesn't come from profit. candelista Jul 2014 #38

Also wrong. EX500rider Jul 2014 #45

In a family owned company, profit is the money that goes to the family... candelista Jul 2014 #48

Name one "non-profit" airline that doesn't need government subsidies to survive. EX500rider Jul 2014 #49

Is that VZ law, or are you just pulling it out of thin air? 7962 Jul 2014 #13

Check it out for yourself. candelista Jul 2014 #24

So far I've been right. Likely to continue too. 7962 Jul 2014 #37

Congrats. candelista Jul 2014 #39

But that won't work hack89 Jul 2014 #28

No. candelista Jul 2014 #31

Parts for Boeings come from the US where they prefer US currency. EX500rider Jul 2014 #34

Who says they have to buy Boeings? candelista Jul 2014 #40

Who says? Airlines can buy what ever they like i believe, EX500rider Jul 2014 #42

You're straining at reality. Who the hell would want to fly on a plane with fake parts? Throd Jul 2014 #50

Dollars are the global currency hack89 Jul 2014 #36

No. candelista Jul 2014 #43

Both illegal and very wrong to use counterfeit parts on planes. EX500rider Jul 2014 #47

So the solution is to christx30 Jul 2014 #51

Dont forget, Chavez' family STILL live in the fancy presidential home 7962 Jul 2014 #10

What the hell is that sentence supposed to mean? COLGATE4 Jul 2014 #25

Maybe Venezuela could simply bar its citizens from traveling abroad... brooklynite Jul 2014 #26

I doubt that Venezuela would do that. candelista Jul 2014 #32