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Page added on August 25, 2007

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Venezuela’s new jet set take off on back of oil-fuelled boom

[S]urging oil wealth and the restrictions of a dollar-pegged, overvalued currency are driving unprecedented numbers of Venezuelans to travel overseas on holiday, with the number of international flights jumping 45 per cent last month over the previous year.

“It’s never been like this – it’s extraordinary,” says Maria Falvay, a sales executive for Pegasus Travel in Caracas. “If you want to fly out of Venezuela over the next few weeks you might as well forget it, we’re fully booked. At the moment, we’re taking bookings for December.”
Flight sales so far this year have risen by 28 per cent to $428m (



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