Airlines Await Repatriation of $413 Million from African States | Aviation International News

Airlines Await Repatriation of $413 Million from African States

IATA claims it has cleared several hundred million dollars of blocked funds, but the problem persists.

By Kaleyesus Bekele

June 6, 2019

Five African countries have blocked from repatriation more than $413 million of international airlines’ revenues as of March 31, 2019, creating a continued threat of reductions or total loss of air service. According to the International Air Transport Association (IATA), Zimbabwe holds $192 million, Sudan $84 million, Algeria $80 million, Eritrea $73 million, and Angola $7 million.

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