IATA urges countries to release blocked airline revenue
The International Air Transport Association (IATA) is pushing hard for the release of $6 billion in blocked airline revenue.
It says airline members’ assets are held in more than 27 countries worldwide.
The total has risen by $395 million in the past six months alone.
It urges governments to release trapped airline revenue carriers have earned from ticket and cargo sales.
IATA director general Willie Walsh says more airlines will pull out of markets due to the issue.
“No business can sustain providing service if they cannot get paid and this is no different for airlines,” Walsh said.
Venezuela owes the most at around $3.8 billion.
Over $2 billion is trapped elsewhere with problematic countries including Nigeria, Pakistan and Bangladesh.
Read Full StoryHave your say Cancel reply
Subscribe/Login to Travel Mole Newsletter
Travel Mole Newsletter is a subscriber only travel trade news publication. If you are receiving this message, simply enter your email address to sign in or register if you are not. In order to display the B2B travel content that meets your business needs, we need to know who are and what are your business needs. ITR is free to our subscribers.

































CCS Insight: eSIMs ready to take the travel world by storm
Germany new European Entry/Exit System limited to a single airport on October 12, 2025
Airlines suspend Madagascar services following unrest and army revolt
Qatar Airways offers flexible payment options for European travellers
Air Mauritius reduces frequencies to Europe and Asia for the holiday season