IATA said governments blocked US$1.7bn (R30.3bn) of airline funds at the end of October, a slight improvement from US$1.8bn (R32.1bn) at the end of April.
About US$1 billion (R17.8 billion) of airline money blocked from repatriation is in African countries, about 59% of the global total.
Over the past six months, there have been significant reductions in blocked funds in Algeria (US$193m/R3.4bn from US$286m/R5.1bn in April) and Ethiopia (US$43m/R767m in April). from USD 149 million/USD 2.6 billion) in April).
At the same time, the XAF zone (+USD 84 million/1.5 billion), Mozambique (+USD 84 million/USD 1.5 billion) and the XOF zone (+USD 73 million/USD 1.3) contributed the biggest growth. billion dollars).
The XAF zone refers to the Central African countries: Cameroon, Central African Republic, Chad, the Republic of Congo, Equatorial Guinea and Gabon. The XOF zone refers to the West African countries: Benin, Burkina Faso, Ivory Coast, Guinea-Bissau, Mali, Niger, Senegal and Togo.
“Over the past six months, we have seen significant reductions in blocked funds in Pakistan, Bangladesh, Algeria and Ethiopia. At the same time, amounts are increasing in the XAF/XOF zones and Mozambique,” they said. Willie WalshIATA DG.
“This unfortunate game called ‘mole mole’ is unacceptable. Governments must remove all obstacles for airlines to repatriate revenues from ticket sales and other activities in accordance with international agreements and contractual obligations.”
“No country wants to lose aviation connectivity, which drives economic prosperity. But if the airlines can’t return the service, economies will suffer if connectivity collapses. So it’s in everyone’s interest, including governments.” to ensure that airlines can smoothly recover their funds,” Valls said.
Nine countries account for 83% of the airline’s blocked funds – 1.43 billion USD (25.5 billion rubles). They are Pakistan, Bangladesh, Algeria, Angola, Mozambique, Eritrea, Lebanon, XAF zone and XOF zone.