IATA Urging Governments to Repatriate Airline Revenues | Aviation International News

IATA Urging Governments to Repatriate Airline Revenues

Total blocked funds exceed $5 billion, according to the association

By Gregory Polek • Senior Editor

June 2, 2016

The International Air Transport Association (IATA) called on governments Thursday to respect international agreements requiring them to ensure airlines can repatriate their revenues. IATA identified Venezuela and Nigeria as two of the worst offenders. Venuezuela, for example, has blocked $3.78 billion of airline revenues over the past 16 months.

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