IATA rings warning bells over airline funds for repatriation blocked by governments

The amount of airline funds for repatriation being blocked by governments has risen by more than 25%, almost $394 million in the last six months, according to International Air Transport Association (IATA). IATA calls on governments to remove all barriers to airlines repatriating their revenues from ticket sales and other activities, in line with international agreements and treaty obligations. “No business can sustain providing service if they cannot get paid and this is no different for airlines,” commented IATA’s Director General Willie Walsh, while explaining how preventing airlines from repatriating funds may appear to be an easy way to shore