Foreign airlines’ trapped funds in Africa hit a record $1.68 billion by the end of September 2023 with Nigeria topping the list of debtors, the International Air Transport Association (IATA) has revealed. Other countries holding airlines’ funds are Ghana, Nigeria,…
…As FG unveils aviation roadmap projects …Tinubu directs CBN to address repatriation of $600m trapped funds …FG woos investors with tax holidays, aircraft maintenance facility The International Air Transport Association (IATA) has identified excessive charges by Nigerian airports as an impediment to…
By Seun Ibiyemi There are strong indications that international airfares, especially on the Nigerian routes, may skyrocket once again as the International Air Transport Association (IATA) has, on Wednesday, pegged $1 to N770. Already, the inability of international airlines to…
The International Air Transport Association (IATA) warned that rapidly rising levels of blocked funds are a threat to airline connectivity in the affected markets. The world airline body made this known at its Annual General Meeting & World Air Transport…
Foreign airlines operating in Nigeria raked in around $1.1bn in 2022 despite foreign exchange challenges. In a conversation with our correspondent, the Chairman of the Airlines and Passengers Joint Committee of the International Air Transport Association (IATA) Bankole Bernard, quoting…
The International Air Transport Association, IATA, has stated that with the operationalization of the 1500-hour flight rule, there is a brain drain in Africa concerning qualified pilots. IATA Director General, WIllie Warsh, disclosed this recently during the “Focus Africa” virtual…
By Seun Ibiyemi The International Air Transport Association latest report has revealed that the total amount of foreign airlines’ trapped funds in Nigeria has risen to $802m and warned the Nigerian government that the situation could hamper air connectivity, economic…
By Seun Ibiyemi The International Air Transport Association (IATA) has said that foreign Airlines funds trapped in Nigeria is $743,721,097 million in February 2023. This even as it appealed to the Federal Government on resolution of airlines’ blocked funds. IATA…
The International Air Transport Association (IATA) has appealed to the Federal Government of Nigeria on resolution of airlines’ blocked funds. Dr Samson Fatokun, IATA Area Manager, West and Central Africa, made the appeal on Tuesday in Abuja, when he led…
The International Air Transport Association (IATA), recently disclosed that Foreign Airlines’ fund trapped in Africa stands at $1.1 billion with Nigeria having half the share of the blocked funds at $550million. President for Africa and Middle East, IATA, Kamil Ala…
