Global airlines warned on Monday that concerns over blocked airline funds in Africa, especially in Nigeria, and abroad might lead to service disruptions if efforts to unfreeze money owed did not progress. The International Air Transport Association (IATA) said in a briefing on the launch of an effort to enhance African aviation that some $1.6 Read More…
Tag: airlines
CBN releases $265m to airlines to prevent aviation industry collapse
The Central Bank of Nigeria (CBN) on Friday, released the sum of $265 million to airlines operating in the country, to settle outstanding ticket sales in a bid to avoid brewing catastrophe in the country’s aviation sector. A breakdown of the figure indicates that the sum of $230 million was released as a special FX intervention Read More…