Clearing $95mn blocked funds critical for Ethiopian aviation: IATA - News Summed Up

Clearing $95mn blocked funds critical for Ethiopian aviation: IATA


Ethiopia’s benchmark regional connectivity (within Africa) stands at 113 percent of pre-crisis levels according to IATA’s Connectivity Index. "Passenger traffic originating from Ethiopia tracked at 19 percent above pre-crisis levels in the first quarter of 2023. This is well ahead of Africa’s overall passenger demand which stood at 8.7 percent above pre-crisis levels in the first quarter." Willie Walsh, Director General, IATA says: “The low allocation of USD to the aviation industry by the Ethiopian Government and Central Bank means that $95 million in airline funds are blocked in the country. Mesfin Tasew, Group CEO, Ethiopian Airlines adds: “Ethiopian Airlines is performing very well.


Source: Ethiopian News June 25, 2023 09:50 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */