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02-Jun-2024 7:00 PM

IATA: Nigeria clearance leaves Pakistan and Bangladesh as largest holders of blocked airline funds

Analysis

The International Air Transport Association (IATA) has reported a 28% decrease in the amount of airline funds blocked from repatriation by governments. The total blocked funds at the end of Apr-2024 stood at approximately USD1.8 billion, a reduction of USD708 million (28%) since Dec-2023.

The airline trade body has reiterated the call for governments to remove all barriers to airlines repatriating their revenues from ticket sales and other activities in accordance with international agreements and treaty obligations.

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