Browsing: International Air Transport Association (IATA)

Algeria tops countries holding airlines’ blocked funds in Africa at $261 million followed by countries within the XAF Zone that…

The aviation industry in Africa is currently experiencing an upward growth trend and presents a positive financial outlook for African airlines in 2023 compared to 2022. Projections indicate that overall air traffic growth in Africa will exceed the global average of 6.1 per cent, reaching an impressive 7.4 per cent, with flights already surpassing pre-pandemic levels.

These revelations emerged during the recently concluded 7th Aviation African Summit & Exhibition, which took place on September 13th and 14th, 2023, in Abuja, Nigeria. This landmark event has been lauded as the most prominent summit, drawing nearly 1,500 delegates from over 75 countries and boasting more than 110 global exhibitors and sponsors.

Despite the decrease in cargo demand, African airlines are expanding their capacity in comparison to 2022. European carriers and the…

Africa’s aviation industry lost a whopping $9 billion between 2019 and 2020. The Covid-19 pandemic shook the industry to the…

Major African airlines have been hard hit since the Covid-19 pandemic struck. This year is however expected to bring good…

EAC Partner States need to fast-track implementation regulations on the liberalisation of air transport An extra 155,000 jobs and US$1.3…

In June 2022, the International Air Transport Association (IATA) revealed that Nigeria had not handed over US$ 450 million owed to different airlines. By July 2022, the money owed to foreign airlines had risen by US$14 million to US$464 million.

The funds were generated from ticket sales but were yet to be remitted, leading to friction between Nigerian authorities and international airlines.

The Nigerian federal government attributed the mess to the foreign exchange crisis as the naira continues to weaken against the dollar. IATA asked the West African country to release the funds’ failure, to which it risks being alienated from air connectivity.

Airlines are expected to make big losses in 2020 with the challenges being experienced in containing new coronavirus variants and…

The International Air Transport Association (IATA) highlighted three main priorities that governments in Africa can work on to ensure the…

Africa’s aviation could lose up to $35 billion according to data from the International Air Transport Association (IATA) compared to…