Africa holds $950 million in blocked airline revenues, IATA reports

[Deeq A.]

Mogadishu (HOL) — The International Air Transport Association (IATA) has reported that $950 million in airline revenues remain blocked across African countries, representing 57% of all global aviation funds trapped due to foreign exchange shortages. IATA Director-General Willie Walsh shared these concerns during the African Airlines Association’s Annual General Assembly in Cairo, calling for immediate action to address the crisis.

Source: Hiiraan Online