Frozen

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…

Frozen Bank Account Forces Ethiopian Airlines to Halt Eritrean Flights ADDIS ABABA - Ethiopian Airlines has officially announced the suspension of its flights to Eritrea due to the freezing of its bank account. This announcement came just hours prior to Eritrea's declaration of a curfew for foreign aircraft, which they described as a response to alleged 'harassment and lost luggage' incidents. Initially, Ethiopian Airlines attributed the flight suspension to “challenging operating conditions” in Eritrea, which they…