Blocked Funds Archives - Aviation Media Africa | Online Magazine for Aviation,Travel,Tourism.

IATA Welcomes Nigeria’s Commitment to Improving Facilities at Lagos Airport *Nigeria Accounts for $783mn of Airline Blocked Funds

Aviation Media
September 21, 2023
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The International Air Transport Association (IATA) said it welcomes the assurance given by the Federal Airports Authority of Nigeria (FAAN) that it would improve infrastructure and service levels at the Murtala Muhammad International Airport, Lagos within the next 12 months. The global body said this follows a number of safety, security and passenger service level […]

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Blocked Funds Reason for Not Returning to Nigeria, Says Emirates

Aviation Media
March 18, 2023
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Dubai-based mega carrier, Emirates Airlines has explained that the reason why it may not resume flights to Nigeria anytime soon is because of the failure of the federal government to facilitate the airline’s repatriation of its revenues still trapped in the country. Emirates spokesperson said in a statement made available to THISDAY yesterday that it […]

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United Airlines to Purchase 200 New Boeing Wide-body Planes

Aviation Media
December 18, 2022
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United Airlines is expected to take delivery of the new wide-body planes between 2024 and 2032 and can choose among the 787-8, 9 or 10 models, providing flexibility to support a wide range of routes. United also exercised options to purchase 44 Boeing 737 MAX aircraft for delivery between 2024 and 2026 – consistent with […]

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AON Berates Foreign Airlines for Charging Nigerians Exploitative Fares

Aviation Media
October 22, 2022
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Airline Operators of Nigeria (AON) has excoriated foreign airlines for feasting on Nigerian passengers with exploitative airfares, which is the highest from any African destination. AON made this known in a meeting it held with other aviation stakeholders, including international airlines representatives, hosted by the Speaker of the House of Representatives, Hon. Femi Gbajabiamila. The […]

IATA Day, Africa to Discuss Blocked Funds, Connectivity, Infrastructure

Aviation Media
January 19, 2018
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Angola be the host of the International Air Transport Association (IATA) Day in Africa as the country’s air transport market is projected to record 7.1 million passengers a year by 2036 with the present annual growth rate of 6.7 per cent. However, IATA noted that even faster growth with greater socio-economic benefits for Angola could […]