A surge in blocked funds complicates African airlines’ expansion plans and Nigerian once again tops the ranks of the five most indebted markets globally. This after making progress and earning the praise of IATA’s Vice President for Africa and the Middle East,...
Blocked airline funds have surged 25 percent ($394 million) to $2 billion in the past six months, adding to the operational headache for carriers in 27 markets. The numbers, released today on the sidelines of the International Air Transport Association’s (IATA) Global...
Through July 2022, Nigeria and Zimbabwe were very unpopular with the airline community. The two countries held $565 million of the $1.4 billion in airline revenues trapped in Africa. Globally, 11 countries in Africa accounted for 78% of the $1.8 billion in airline...
Air India, the national carrier of India, which is due to be sold to the Tata Group this month, saw some holiday trouble in the last week of 2021, as the airline briefly pulled all its inventory from Global Distribution Systems such as Amadeus. Devas Multimedia, a...
Thai AirAsia’s parent company, Asia Aviation (AAV), has secured board approval to raise 14 billion baht, following its 20 October announcement that it plans to raise funds by issuing convertible bonds and new shares to both new and existing shareholders. The approval...
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