12 African Nations Hold 65% of Frozen Airline Funds
The Alarming State of Blocked Airline Funds: A Deep Dive Into Africa's Aviation Sector
The International Air Transport Association (IATA) recently published a comprehensive report that’s raising eyebrows across the globe. What’s particularly striking is that out of fifteen nations listed, twelve from Africa are responsible for approximately 65% of the total blocked airline funds, which resonates to the tune of $846 million—that's quite a hefty sum. Altogether, these funds, which stand at an alarming total of $1.3…