On 27 November 1992, a second coup attempt was launched.
It was led by officers from the air force and navy, including pilot Luis Reyes Reyes.
The group had contacts with Chávez in prison and had learned some lessons from the February coup's errors, including launching at 4:30 am instead of midnight, and obtaining communications equipment to ensure they would not be stranded without it.

In a bloody battle, they took over Venezolana de Televisión, a state-run TV station, and broadcast a video made in prison by Chávez, calling for a popular uprising.
But the rebels failed to take over other broadcast outlets such as Televen, allowing Pérez to address the nation and declare that the rebellion had failed.

The rebels also seized control of major air bases and largely gained control of the skies.
After a minor pilot defection enabled government forces to shoot down a rebel plane, the rebels bombed some targets.
They bombed the Heliocoide Caracas headquarters of DISIP, Miraflores Palace, the Sucre Police headquarters and Generalisimo Francisco de Miranda Air Base.
However, by 9:00 am, it was clear that there was little other success for the rebels.

Mirage fighter jets in rebel hands bombed an army barracks west of Caracas; however, the attack had little effect on slowing down the government counterattack.
Around the same time, an F-16 pilot loyal to the government managed to engage and shoot down an AT-27.

An attempt to free Chávez and his associates from jail failed, and government forces retook most military bases.
At about 3:00 pm, the remaining rebels took off for Peru in two C-130s, although they made it only as far as Iquitos.
In total, the November death toll reached 172, much higher than the February attempt.
On 27 November 1992, a second coup attempt was launched. It was led by officers from the air force and navy, including pilot Luis Reyes Reyes. The group had contacts with Chávez in prison and had learned some lessons from the February coup's errors, including launching at 4:30 am instead of midnight, and obtaining communications equipment to ensure they would not be stranded without it.
In a bloody battle, they took over Venezolana de Televisión, a state-run TV station, and broadcast a video made in prison by Chávez, calling for a popular uprising. But the rebels failed to take over other broadcast outlets such as Televen, allowing Pérez to address the nation and declare that the rebellion had failed.
The rebels also seized control of major air bases and largely gained control of the skies. After a minor pilot defection enabled government forces to shoot down a rebel plane, the rebels bombed some targets. They bombed the Heliocoide Caracas headquarters of DISIP, Miraflores Palace, the Sucre Police headquarters and Generalisimo Francisco de Miranda Air Base. However, by 9:00 am, it was clear that there was little other success for the rebels.
Mirage fighter jets in rebel hands bombed an army barracks west of Caracas; however, the attack had little effect on slowing down the government counterattack. Around the same time, an F-16 pilot loyal to the government managed to engage and shoot down an AT-27.
An attempt to free Chávez and his associates from jail failed, and government forces retook most military bases. At about 3:00 pm, the remaining rebels took off for Peru in two C-130s, although they made it only as far as Iquitos. In total, the November death toll reached 172, much higher than the February attempt.
1992 Venezuelan coup d'état attempts