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.
































Qatar Airways offers reduced timetable to over 60 destinations
Hands In, UATP join forces for airline multi-card payments
AirlineRatings reveals world's safest airline rankings for 2026
Vietnam warns airlines of possible flight reductions amid jet fuel shortages
Fliggy opens AI-powered travel bookings and developer tools