IBOV 175,710.05 ▼ 0.51% IPC MEX 69,711.87 ▲ 0.35% MERVAL 2,848,945 — — USD/BRL5.34▼ 0.11% USD/MXN18.65▼ 0.12% USD/CLP983.77▼ 0.54% USD/COP3,144▼ 0.17% USD/PEN3.45▲ 0.03% USD/ARS1,538— 0.00% USD/UYU40.21▲ 3.50% USD/PYG5,803▲ 4.05% USD/BOB11.97▲ 4.12% USD/DOP61.24▲ 1.90% USD/CRC451.24▲ 2.31% USD/GTQ7.64▲ 3.15% USD/HNL26.87▲ 0.25% USD/NIO36.62▼ 0.02% USD/VES885.90▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.69▲ 2.51% USD/TTD6.71▲ 1.96% EUR/BRL5.95▼ 0.85% BRENT 109.58 ▼ 5.38% WTI 100.12 ▼ 1.61% IRON ORE 161.91 — — COPPER 6.65 ▲ 2.24% GOLD 4,073 ▲ 0.85% SILVER 54.49 ▲ 0.70% SOY 1,250 ▲ 0.70% CORN 450.25 ▼ 1.04% WHEAT 614.75 ▼ 0.20% COFFEE 294.35 ▼ 2.19% SUGAR 19.26 ▲ 0.84% ORANGE JUICE 143.20 ▲ 5.45% COTTON 77.90 ▼ 1.47% COCOA 5,581 ▲ 1.66% BEEF 230.73 ▲ 0.33% CATTLE 346.40 ▼ 1.00% LITHIUM 62.43 ▲ 1.89% PETR4 53.31 ▼ 1.06% VALE3 62.88 ▼ 2.33% ITUB4 41.42 ▼ 0.67% BBDC4 15.69 ▼ 1.63% ABEV3 15.40 ▲ 0.20% BBAS3 17.59 ▲ 0.69% B3SA3 15.27 ▲ 1.33% WEGE3 45.78 ▲ 2.81% PRIO3 69.21 ▼ 2.71% SUZB3 47.14 ▼ 0.55% RENT3 31.14 ▼ 1.67% AZZA3 16.72 ▲ 1.15% CSAN3 2.69 ▼ 2.89% RAIZ4 0.34 — 0.00% PCAR3 2.22 ▼ 3.48% GMAT3 3.74 ▲ 2.19% PSSA3 47.75 ▼ 0.89% CVCB3 0.98 — 0.00% POSI3 3.56 ▼ 0.84% SLCE3 16.97 ▼ 2.75% NATU3 5.68 ▼ 3.89% BRKM5 3.80 ▲ 19.50% RANI3 7.34 ▼ 0.54% CSNA3 4.76 ▼ 4.99% IBOV 175,710.05 ▼ 0.51% IPC MEX 69,711.87 ▲ 0.35% MERVAL 2,848,945 — — USD/BRL 5.34 ▼ 1.32% USD/MXN 18.69 ▲ 0.62% USD/CLP 983.47 ▼ 0.57% USD/COP 3,149 ▲ 3.06% USD/PEN 3.45 ▲ 0.17% USD/ARS 1,537 ▼ 0.28% USD/UYU 40.21 ▲ 3.57% USD/PYG 5,803 ▲ 3.78% USD/BOB 11.97 ▲ 4.93% USD/DOP 60.54 ▲ 1.83% USD/CRC 451.24 ▲ 2.13% USD/GTQ 7.64 ▲ 3.23% USD/HNL 26.87 ▲ 3.37% USD/NIO 36.62 ▲ 2.81% USD/VES 885.08 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 2.63% USD/TTD 6.71 ▲ 2.07% EUR/BRL 5.95 ▲ 7.53% BRENT 109.58 ▼ 5.38% WTI 100.12 ▼ 1.61% IRON ORE 161.91 — — COPPER 6.65 ▲ 2.24% GOLD 4,073 ▲ 0.85% SILVER 54.49 ▲ 0.70% SOY 1,250 ▲ 0.70% CORN 450.25 ▼ 1.04% WHEAT 614.75 ▼ 0.20% COFFEE 294.35 ▼ 2.19% SUGAR 19.26 ▲ 0.84% ORANGE JUICE 143.20 ▲ 5.45% COTTON 77.90 ▼ 1.47% COCOA 5,581 ▲ 1.66% BEEF 230.73 ▲ 0.33% CATTLE 346.40 ▼ 1.00% LITHIUM 62.43 ▲ 1.89% PETR4 53.31 ▼ 1.06% VALE3 62.88 ▼ 2.33% ITUB4 41.42 ▼ 0.67% BBDC4 15.69 ▼ 1.63% ABEV3 15.40 ▲ 0.20% BBAS3 17.59 ▲ 0.69% B3SA3 15.27 ▲ 1.33% WEGE3 45.78 ▲ 2.81% PRIO3 69.21 ▼ 2.71% SUZB3 47.14 ▼ 0.55% RENT3 31.14 ▼ 1.67% AZZA3 16.72 ▲ 1.15% CSAN3 2.69 ▼ 2.89% RAIZ4 0.34 — 0.00% PCAR3 2.22 ▼ 3.48% GMAT3 3.74 ▲ 2.19% PSSA3 47.75 ▼ 0.89% CVCB3 0.98 — 0.00% POSI3 3.56 ▼ 0.84% SLCE3 16.97 ▼ 2.75% NATU3 5.68 ▼ 3.89% BRKM5 3.80 ▲ 19.50% RANI3 7.34 ▼ 0.54% CSNA3 4.76 ▼ 4.99%
since 2009
Wednesday, October 28, 2026

Business & Economy Venezuela

Venezuela Takes Back the Valencia and Puerto Cabello Airports for Its State Operator

By · September 12, 2026 · 4 min read
Military officer speaking at a podium with flags
Venezuela Takes Back Two Carabobo Airports Through BAER

VENEZUELA · INFRASTRUCTURE

Key Facts

  • —The takeover The national executive reasserted control of two airports in Carabobo state.
  • —Which airports Arturo Michelena International at Valencia and Bartolomé Salom National at Puerto Cabello.
  • —The entity Bolivariana de Aeropuertos, known as BAER, the state airport operator.
  • —The instrument Gaceta Oficial 43.443 of 24 August 2026.
  • —The manager Retired general Raúl Antonio Spallone Márquez, appointed by Gaceta Oficial 43.446 of 27 August.
  • —When it surfaced The decision became public reporting around 11 September.

This story is part of our coverage of the Venezuela US tensions. Who runs Venezuela, the US sanctions and oil deals, the Maduro case and the odds are in our dossier.

Latest: Trump Says Venezuela Could Become a US State

The decrees were published in late August. Venezuela found out about them in September.

Venezuela’s national executive has reasserted control over the airports serving Valencia and Puerto Cabello, through the state operator Bolivariana de Aeropuertos, under decrees published in late August.

What Was Taken

Gaceta Oficial 43.443, dated 24 August 2026, transfers Arturo Michelena International Airport at Valencia and Bartolomé Salom National Airport at Puerto Cabello to national control through BAER, Bolivariana de Aeropuertos.

A follow-up instrument, Gaceta Oficial 43.446 of 27 August, appointed retired general Raúl Antonio Spallone Márquez as manager of both.

The story became public reporting around 11 September, more than two weeks after publication. That gap is itself characteristic: Venezuelan administrative decisions frequently reach the public through the official gazette rather than through announcement.

Venezuela
Valencia has been the country’s second international gateway for years. Photo: "Caracas city, Venezuela capital" by Wilfredor, via Wikimedia Commons, CC BY-SA 4.0.

Why Carabobo

Valencia is Venezuela’s principal industrial city and Arturo Michelena has been the country’s second international gateway for years, carrying traffic that Caracas could not or would not handle.

Puerto Cabello is Venezuela’s largest port. An airport attached to it is a logistics asset rather than a passenger one.

Airport control in Venezuela has moved between national and state hands repeatedly, usually tracking the political relationship between the central government and the state governor. A transfer to national control through a state operator, with a retired general installed to run it, follows a well-established pattern.

Venezuelan institutions
The decrees were published in late August and surfaced publicly in September. Photo: "Mercado de calle en Caracas" by Periodismodepaz, via Wikimedia Commons, CC BY 4.0.

A Point of Care on Who Governs

Delcy Rodríguez has been Venezuela’s acting president since 5 January 2026, sworn in following Nicolás Maduro’s removal from power. International coverage marked six months of her tenure in July.

That is head of state, not merely head of government, and the distinction is worth getting right. Reporting that describes her only as leading a government understates the position she holds.

The Rio Times found no September-dated confirmation that the position has changed, and reports the arrangement as it stood at the most recent confirmation.

What BAER Is and What It Runs

Bolivariana de Aeropuertos was created to consolidate airport administration under national control, and it operates a set of terminals across the country under the transport ministry.

Its remit has expanded as individual airports have moved from state and regional administration into the national system, generally through the official gazette rather than through negotiated transfer.

Venezuela’s civil aviation sector has shrunk severely over the past decade. International carriers have withdrawn, fleet availability has collapsed and several regional terminals handle a fraction of their former traffic.

Consolidating administration of a shrinking network is easier than running a growing one, which is part of why these transfers attract little resistance.

Why a General

Appointing a retired officer to manage two airports is entirely routine in Venezuela. The armed forces have held administrative positions across ports, airports, food distribution and the oil sector for the better part of two decades.

The practice began under Hugo Chávez and expanded under Nicolás Maduro, and it survives changes at the top because it is how the relationship between the government and the military is maintained in practice rather than on paper.

Reading a single appointment as a signal about the direction of the current government would therefore be overreading it. The signal, if there is one, is continuity.

Frequently Asked Questions

Which airports were taken over?

Arturo Michelena International at Valencia and Bartolomé Salom National at Puerto Cabello, both in Carabobo state.

What is BAER?

Bolivariana de Aeropuertos, the Venezuelan state airport operator.

When was it decided?

Gaceta Oficial 43.443 of 24 August 2026, with a manager appointed by Gaceta Oficial 43.446 of 27 August.

Who runs them now?

Retired general Raúl Antonio Spallone Márquez.

Who leads Venezuela?

Delcy Rodríguez has served as acting president since 5 January 2026.

Sources: El Pitazo, La Patilla, CNN en Espanol, Al Jazeera.

RT
Ask Rio Times
Latin American markets, currencies and companies.
Open the full Ask Rio Times →

The LatAm Brief

One email, every weekday morning. What moved in Latin American markets, politics and expat life.

Yesterday’s subject line: “Argentina's stocks fall 2.4% as the Fed decides today”

Free. We send a confirmation link first — nothing arrives until you click it. Unsubscribe with one click in any edition. If you stop opening us for 30 days we stop sending by ourselves, as we assume the interest is no longer there. See our privacy policy. We never share your email.

This article was drafted with automated assistance and reviewed before publication. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map →

Brazil runoff date: Sunday, October 25, poll closing times and when results start · Brazil runoff polls: Flávio 51%, Lula 49% · Kalshi and Polymarket odds

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.