Airlines Urge African Nations To Release Blocked Funds | Aviation International News

Airlines Urge African Nations To Release Blocked Funds

Angola, Nigeria, Egypt and Sudan identified as primary offenders

Delegates attending the 48th AFRAA annual general assembly in Victoria Falls heard pleas for African nations to release funds owed to foreign airlines for repatriation. (Photo: Kaleyesus Bekele)

By Kaleyesus Bekele

November 21, 2016

The African Airlines Association (AFRAA) called upon African governments to release funds they have blocked airlines from repatriating due to a shortage of foreign currency. Addressing delegates attending the opening of the 48th AFRAA annual general assembly at Victoria Falls in Zimbabwe, on Monday, AFRAA secretary general Elijah Chingosho said African countries hit hard by the nosediving price of oil remain reluctant to release revenues to foreign airlines for repatriation. Chingosho named Angola, Nigeria, Egypt and Sudan as the countries in question. “Nigeria and Egypt have repatriated some funds recently,” he said. “However, it is critical that airlines should be able to fully repatriate their funds,” he said. AFRAA estimates that the four countries continue to withhold some $2 billion in revenues.

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