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...
The launch of a new airline in Nigeria seems a step closer, now that the government has selected Ethiopian Airlines as the preferred bidder. Ethiopian is set to become a minority shareholder in Nigeria Air. However, there seem to be last-minute issues about who will...
Nigeria is getting back to talking terms with international airlines after Abuja announced a decision to release $265 million of $465 million in airfares, which foreign carriers had been prevented from repatriating out of the country. The move, welcomed by IATA,...
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