IATA reports a 28% decrease in blocked airline funds to $1.8bn in April; Nigeria clears 98% of foreign airlines' funds, urging governments to remove barriers for repatriation.
The International Air Transport Association (IATA) reports a 28% decrease in blocked airline funds, with the total amount dropping to $1.8bn at the end of April. This reduction was due to Nigeria clearing 98% of foreign airlines' blocked funds. IATA urges governments to remove barriers to airlines repatriating revenues, stating that efficient revenue repatriation is essential for airlines to provide critical connectivity.
June 02, 2024
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