IATA: Governments urged to address airline blocked funds

The International Air Transport Association (IATA) has called on governments to abide by international agreements and treaty obligations to enable airlines to repatriate revenues from ticket sales and other activities. According to IATA, the amount of airline funds blocked from repatriation totalled $4.9 billion at the end of 2017, which was down 7% compared to year-end 2016. However, airline funds remain blocked in some 16 countries. “The connectivity provided by aviation is vital to economic growth and development. Aviation supports jobs and trade, and helps people to lead better lives. But airlines need to have confidence that they will be