The International Air Transport Association (IATA) has announced that African carriers are expected to post a loss of $638 million in 2022, narrowing to a loss of $213 million in 2023 and projected that passenger demand growth of 27.4 per cent is expected to outpace capacity growth of 21.9 per cent. IATA also stated that […]
The International Air Transport Association (IATA) has said the amount of airline funds that is due for repatriation, but being blocked by governments has risen by more than 25 per cent ($394 million) in the last six months and that the total funds blocked now tally at close to $2.0 billion. IATA therefore called on […]
The International Air Transport Association (IATA) has called on governments and regulators to encourage stronger European cohesion and economic development by embracing policies to promote greater air connectivity. Key to this is recognising the different strengths and benefits offered by the diverse types of carriers operating in Europe. IATA’s Director General, Willie Walsh, said: “Europe, […]
The global aviation and tourism sectors have welcomed the historic Long Term Aspirational Goal (LTAG) of net-zero carbon emissions by 2050 adopted by International Civil Aviation Organization (ICAO) member states during the 41st ICAO Assembly last week. Countries, cities and companies from every part of the world, including Africa, have expressed the commitment to reach […]
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 […]
