Foreign Airlines Trapped Funds Now $743m – IATA
The International Air Transport Association (IATA) on Tuesday disclosed that the trapped funds belonging to foreign airlines operating in Nigeria have risen by 12.39 per cent to $743,721,097 in January 2023 from $662m in the corresponding period...
Air Travel Increased By 68% In August – IATA
The International Air Transport Association (IATA) has said that air traffic increased 67.7 per cent in August 2022, when compared to what was recorded in the same month in 2021.
IATA also stated in its air traffic...
Demand For Air Cargo Transport Slowed In May - IATA
The International Air Transport Association has stated that the demand for air cargo transport in Africa slowed in May 2022 as against the previous year.
An IATA report revealed that the slowdown experienced by African airlines...
Foreign Airlines Express Worry As FG Blocks $450m Ticket Revenue
The International Air Transport Association (IATA) has expressed concern over the decision by the Federal Government of Nigeria to block foreign airlines from repatriating ticket sales revenue running to $450m (N188.6bn) into their respective countries.
IATA,...
Nigeria Foreign Airlines’ Trap Funds
International Air Transport Association (IATA) statistics show that the total amount of foreign airlines' funds trapped in Nigeria has doubled from $147 million (N61 billion) in August 2021 to $283 million (about N117.6 billion) as at now.
In line with the...
African Airlines’ Passenger Traffic Crashes By 65% - IATA
The International Air Transport Association says African airlines’ passenger traffic has fallen by 65% due to the increasing impact of the Omicron variant of Covid-19.
A new report by IATA, the global airline body, said traffic in...
