$1.3b airlines funds trapped in Angola, Algeria others, says IATA

Moz is worst culprit for blocked funds

IATA has reported that US$1,3 billion (R23,2bn) in airline funds are blocked from repatriation by governments as of the end of April. This represents a 25% improvement compared with the US$1,7 billion (R30,4bn) reported for October 2024. However, Mozambique has climbed to the top of blocked funds countries, withholding US$205m (R3,6bn) from airlines, compared with US$127

$1.3b airlines funds trapped in Angola, Algeria others, says IATA

The International Air Transport Association (IATA), yesterday said airline funds blocked from repatriation by governments as of end April 2025 stood at $1.3 billion. Nigeria is not listed among countriesThe post $1.3b airlines funds trapped in Angola, Algeria others, says IATA appeared first on The Nation Newspaper.