Blockage of US$1b airlines’ funds crippling air connectivity in Africa –IATA
IATA said Tuesday that international airlines doing business in Africa were denied access to an estimated US$1b funds generated from various business transacted in the continent. IATA special envoy in Africa, Raphael Kuuchiat, lamented the new fiscal policies in some African countries that prevented airlines from uninterrupted withdrawing of funds, saying the trend constituted a severe threat to the growth of aviation industry in the continent. Kuuchiat who announced that the African aviation sector had attracted over $55.8b from both foreign and international investors in recent years with about 6.2m new jobs created, appealed to African states to relax policies that frustrate airlines business given the importance of air connectivity to the continents economic development. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-05-16/general/blockage-of-us-1b-airlines2019-funds-crippling-air-connectivity-in-africa-2013iata
https://portal.staralliance.com/cms/logo.png
Blockage of US$1b airlines’ funds crippling air connectivity in Africa –IATA
IATA said Tuesday that international airlines doing business in Africa were denied access to an estimated US$1b funds generated from various business transacted in the continent. IATA special envoy in Africa, Raphael Kuuchiat, lamented the new fiscal policies in some African countries that prevented airlines from uninterrupted withdrawing of funds, saying the trend constituted a severe threat to the growth of aviation industry in the continent. Kuuchiat who announced that the African aviation sector had attracted over $55.8b from both foreign and international investors in recent years with about 6.2m new jobs created, appealed to African states to relax policies that frustrate airlines business given the importance of air connectivity to the continents economic development. <br/>
