The International Air Transport Association (IATA) has commended Nigeria for releasing $265 million to foreign airlines last week, as the first tranche of their $464 million revenue held in the country. Lauding the federal government, the global body called on countries like Ethiopia, Algeria and others with airlines’ blocked fund to emulate Nigeria by releasing […]
Industry stakeholders have excoriated Emirates Airlines over its decision to suspend its operations to Nigeria from September 1, 2022, saying that it is a subtle pressure on government to release dollars that are obviously unavailable. The industry observers said that the reason why the Central Bank of Nigeria (CBN) has been unable to pay the […]
Foreign airlines have kept to their threat of withdrawing flight service to Nigeria if their trapped revenues were not repatriated, as Middle East mega carrier, Emirates Airlines, announced that it would suspend all flights to Nigeria from September 1, 2022. Emirates is owed over $95 million in Nigeria, which it cannot repatriate due to scarcity […]
The President and council members of National Association of Nigeria Travel Agencies ( nanta) is deeply concerned about the impression the trapped funds of foreign Airlines operating in the country portrays Nigeria. NANTA as a strategic concerned partner in the downstream aviation sector have over the years appealed to the government through the central […]
The Director General of the International Air Transport Association, Wllie Walsh, spoke with African journalists at the just concluded 78th IATA Annual General Meeting and World Air Transport Summit, held recently in Doha, Qatar. Chinedu Eze was there and brings the excerpts: Blocked fund remains a big issue in Africa as about $1 billion is blocked […]
