Luisde8cd From Venezuela, joined Aug 2004, 2516 posts, RR: 34 Posted (8 years 5 days 19 hours ago) and read 1138 times:
Unbelieveable! the recently passed civil aviation law in the Venezuelan parliament establishes 75% tax exepmtions on the import of aircraft, engines, parts, etc.
I really hope that this will encourage airlines to renew their fleets. Venezuelan airlines have old fleets, mainly DC9s, 732, 722 and DC10s.
Quote:
They exonerate of payment of taxes to companies of Civil Aeronautics By a lapse of five years the air lines will enjoy of the exoneration the Tax on the Rent on 75% of the investment that makes for the benefit of this aeronautical service, according to establishes it just approved Law of Civil Aeronautics.
It explains the new legislation that passed that period the president of the Republic has the power, in cabinet, of being able to grant total or partial exonerations of tributes for the imports that are made within the framework of this activity.
In tributary matter also one settles down that from the entrance in use of the Law and by a period of five years, the public benefit on watch of national aerial transport of passengers will be free of payment of tributes by enterprise assets, tangible and intangible, product of his activities, as well as in the definitive import of airships, motors, accessories, parts, spare parts that are indispensable for the national aeronautics.
The norm will be applicable to all civil airship that is in the Venezuelan territory or flies in its airspace; her fleeting crew and effects transported in her, as well as to the cause that happen on board of Venezuelan civil airships when they fly outside the airspace of the Republic, express a bulletin of press emitted by the National Assembly.
Also she will be applied to the committed facts on board of civil airships nobodies is his nationality when it happens in the foreign airspace and produce effect in the Venezuelan territory, in addition to facts happened in foreign civil airships that fly Venezuelan airspace.
Celticmanx From Netherlands, joined Mar 2001, 99 posts, RR: 0 Reply 3, posted (8 years 5 days 16 hours ago) and read 1065 times:
CayMan,
I just have a word for you: CONVIASA
Very remarkable indeed what is happening lately in the Aviation industry in Venezuela. There are a lot of projects and plenty of companies willing to expand both domestic and internationalwise.
Definetely, this is not even a shadow of a decade ago, where LAV and Viasa where just leaded to death.
Cayman From Canada, joined Aug 2003, 905 posts, RR: 9 Reply 4, posted (8 years 5 days 12 hours ago) and read 976 times:
Vzla should be poised for a major aviation boom--indeed general economic boom--the market fundamentals are there, the room to grow, and in aviation a need to modernize and expand.
However you are in a dream world if you think much or even any of this expasnion will happen so long as the Chavistas remain in power.
They scare away investors in droves and will only continue to do so.
Rojo From Spain, joined Sep 2000, 2395 posts, RR: 10 Reply 5, posted (8 years 5 days 11 hours ago) and read 946 times:
The only problem will be the weak currency and possibilities of future devaluations. No airline will invest in new airplanes, since they will have to pay or lease them in USD's. I guess airlines could buy used airplanes instead and pay them fully in order to benefit from this new law...
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