Fresh data on blocked airline funds totalling $1bn come at a time when the industry is reeling under the impact of Covid-19 pandemic. Some 20 countries have reportedly blocked $1bn in airline funds from the sale of tickets, cargo space, and other activities, according to the International Air Transport Association (IATA). “Governments are preventing nearly $1bn of airline revenues from being repatriated. This contravenes international conventions and could slow the recovery of travel and tourism in affected markets as the airline industry struggles to recover from the Covid-19 crisis,” Willie Walsh, IATA’s director general said recently. Airlines, he said will not be able to provide relia
Hence then, the article about 1bn blocked funds hamper global airline recovery was published today ( ) and is available onGulf Times ( Qatar ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( $1bn blocked funds hamper global airline recovery )