IATA says governments in 26 countries are holding $1.12 billion of airline revenues — about 93% tied up in Africa and the Middle East. The association urged immediate release, respect for bilateral air‑service rights and prompt currency repatriation as approvals and foreign‑exchange shortages restrict carriers.
Discovered |
Briefing
Blocked funds — $1.12 billion held across 26 countries, with 93% concentrated in Africa and the Middle East — materially reduce carrier liquidity and raise risk for lease and financing commitments, adding downside to IATA's profit forecast.
Currency controls and onerous approval processes delay repatriation of ticket, cargo and other revenues, increasing credit, supplier and operational risk in affected markets; this pressure can undermine regional projects like Bishoftu International Airport and compound costs linked to broader supply-chain disruptions.
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IATA sounds alarm: Blocked airline funds are hindering Africa’s aviation growth • aerospaceglobalnews.com
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• CH-Aviation Staff