Five international air transport and tourism bodies have launched an appeal to international financial institutions, country development partners and international donors to support Africa’s Travel & Tourism sector with at least $10 billion relief, saying this sector employs some 24.6 million people on the African continent and may soon collapse if there is no rescue […]
*Airlines in Region May Lose $6bn The International Air Transport Association (IATA) has renewed its call for government relief measures as the impacts of the COVID-19 crisis in Africa deepen. IATA said the African region’s airlines could lose $6 billion of passenger revenue compared to 2019. That is $2billion more than was expected at the […]
NCAA suspends issuance of certificates to airlines, pilots International Air Transport Association (IATA) has said Nigerian airlines have airlifted 3.5 million fewer passengers resulting in a $760 million revenue loss since the onset of the disruptions caused by COVID-19 pandemic. The fallout of the setback would endanger 91,380 jobs and $650 million contribution to […]
The International Air Transport Association strengthened its call for urgent action from governments in Africa and the Middle East to provide financial relief to airlines as the latest IATA scenario for potential revenue loss by carriers in Africa and the Middle East reached US$23 billion (US$19 billion in the Middle East and US$4 billion in […]
*IATA: International Airlines Lose $252bn *Air Peace Loses N2.1 bn in 3 Weeks *Travel Agencies Lose N180bn*Business Jets Lose Patronage International and local airlines have recorded huge losses occasioned by the global pandemic, Coronavirus and there are indications that many airlines would go under without lifeline from government. The International Air Transport Association (IATA) said […]
