Servivensa

Servivensa S.A. (legally Servicios Avensa S.A.) was a low-cost airline based in Caracas, Venezuela that operated scheduled domestic and international flights.

By the mid-1990's it had grown to become larger than its parent company, and Servivensa crews of contract workers began operating Avensa aircraft.

However, Venezuela's macroeconomic problems, especially its currency exchange restrictions, caused the airline to have trouble procuring spare parts and led to the widespread grounding of its aircraft.

[citation needed] By 2001, Servivensa and Avensa were close to bankruptcy and were being sued by BP for over $1 million in unpaid fuel bills.

[2] Servivensa operations were officially ceased on May 1, 2003, when its parent company, Avensa announced that it was grounding its aircraft due to a drop in demand of air traffic.

A Boeing 737-200 in an Servivensa/Aeroperú hybrid livery at Miami International Airport in 1999