(CARACAS) – Avianca (AV, Bogotá) and Delta Air Lines (DL, Atlanta Hartsfield Jackson) have announced they will each withdraw from the Venezuelan market citing concerns about the worsening state of security in the imploding South American petrostate.

In separate statements, Avianca said it would end its 2x daily Bogotá-Caracas Simón Bolivar service from July 27 onwards (instead of August 16 as previously announced) while Delta said the last of its weekly Atlanta Hartsfield Jackson-Caracas Simón Bolivar flights would operate on September 16, 2017.

Aside from the country’s increasingly tense political and social status-quo, airlines, both local and foreign, have also had to contend with worsening hard currency shortages. The impact has forced Venezuela’s shrinking number of active commercial airlines to reduce their exposure to the domestic market in favour of increased international services.

A recent Chilean regulatory disclosure indicates that aside from Albatros Airlines (GAL, Maracay) attempting to gain access to that country’s market [the AOC is said to be a work-in-progress], Estelar Latinoamerica (ETR, Caracas Simón Bolivar) has now also begun the process of applying for its own Chilean air operator’s certificate.