- FAAN resolves airport transit crisis, apologises to passengers, approves Bolt operations
- Anatomy of an avoidable crash: How cockpit compromise, infrastructure gap, exe. PR nearly cost 68 lives in Benin
- African airlines trapped in uncomfortable expansion cycle
- NSIB has no mandate to bring down airlines, we follow the facts-Badeh Jr
- The Banking Problem in African Skies
Mozambique tops $1.3 billion in airlines blocked funds by governments, Nigeria maintains clean bill
Trapped funds violate BASA, raise rate risks, says IATA The International Air Transport Association (IATA) reported that $1.3 billion in airline fund is blocked from repatriation by governments at the end of April 2025. This is a significant amount, although it is an improvement of 25% compared with the $1.7 billion reported for October 2024. For two years, Nigeria has maintained a clean bill as the country is not among the nations owing foreign carriers….
Read More