IATA calls for Pakistan and Bangladesh to release $720M in airline revenues, blocked in violation of international agreements.
IATA urges Pakistan & Bangladesh to release $720M in airline revenues, blocked in violation of international agreements. Airlines unable to repatriate $399M (Pakistan) & $323M (Bangladesh) revenues, impacting payment of dollar-denominated expenses & increasing exchange rate risks. Timely repatriation crucial for leases, spare parts, overflight fees & fuel; delaying contravenes bilateral agreements.
April 24, 2024
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