Airlines seek to unblock $1.6bln of funds in Africa

mage used for illustrative purpose. Russian tourists are seen at the airport as flights resume to Egypt’s Red Sea resorts, after a decision to lift an almost six-year ban on direct flights following an airline crash which killed everyone on board in 2015, in the Red Sea resort of Sharm el-Sheikh, Egypt, August 9, 2021. REUTERS/Mohamed Abd El Ghany
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Tim Hepher, Reuters News

PARIS – Airlines warned on Monday that service to countries in Africa and elsewhere that block the repatriation of funds is likely to suffer if there is no progress in talks to unfreeze money owed.

About $1.6 billion of funds are being withheld in Africa for various reasons, representing two thirds of the global total, the International Air Transport Association said in a briefing on strong prospects for growth in the continent’s airline market.

(Reporting by Tim Hepher; Editing by David Goodman)

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