Airlines’ stuck funds in African hits $601m

Airlines’ stuck funds in African hits $601m

The International Air Transport Association (IATA), the clearinghouse for global airlines, disclosed that over $601 million of airlines’ funds are trapped in African countries; a situation that has negatively impacted carriers operating to the continent. Nigeria...
Bitter-sweet topsy turvy African airlines

Bitter-sweet topsy turvy African airlines

Many years ago, African airlines dominated the skies of Africa. Gross mismanagement and corruption saw the end of promising airlines like Nigeria Airways, Ghana Airways, Air Afrique, and others that connected the continent. Worried by the situation, leaders in the...