Page 49 - Aerospace Development News Today

The International Air Transport Association (IATA) welcomes the commitment of the Federal Airports Authority of Nigeria (FAAN) to improving...

International Air Transport Association (IATA), has said foreign airlines funds trapped in the Central Bank of Nigeria (CBN), has reached $783 million.

The International Air Transport Association has said that as of August 2023, Nigeria accounts for $783m of airlines’ blocked funds.

The Nigeria College of Aviation Technology, Zaria has revealed that it spent N5bn on the maintenance of two redundant helicopters for about

The trapped funds belonging to foreign airlines operating in Nigeria has been reduced from $812.2m in April to $783m in August, THE WHISTLER can report.

In addition to his hard-to-swallow economic direction, Tinubu’s choice of appointees is somehow causing concerns among the elite too.

The International Air Transport Association says that its members' trapped funds in Nigeria account for $783 million as of August 2023 from $814 million

International airlines blocked funds in Nigeria now $783m — IATA. International airlines blocked funds in Nigeria has risen to $783 million

The International Air Transport Association (IATA) has claimed that its members’ trapped funds in Nigeria are at $783 million as of August as against $814 million in June. This was disclosed in a statement by the IATA’s Regional Vice-President for Africa and the Middle East, Kamil Al Awadhi. He commended Festus Keyamo, Minister of Aviation and Aerospace Development, for his recent commitment to address the issue of foreign airlines' stuck funds in Nigeria.

The International Air Transport Association (IATA) has revealed that the value of trapped funds belonging to foreign airlines operating in Nigeria has reduced to $783 million as of August 2023. | Pulse Nigeria