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…
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…
Nigeria, Zimbabwe clear bulk of blocked airline funds
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…
Nigeria is getting back to talking terms with international airlines
Nigeria to issue tickets in USD