In a bid to maintain uninterrupted air connectivity, the International Air Transport Association (IATA) has called upon the government of Ethiopia to promptly clear the $95 million in airline funds currently blocked from repatriation. Willie Walsh, Director General of IATA, emphasizes the urgent need for the Ethiopian government and Central Bank to allocate sufficient funds to the aviation industry. To maintain its growth trajectory, Ethiopia must adhere to global rules that it has previously benefited from. In line with the IATA’s concerns, Mr. Mesfin Tasew, CEO of Ethiopian Airlines Group, highlights the airline’s exceptional performance and robust recovery from the pandemic’s aftermath. Despite these achievements, Ethiopian Airlines faces challenges in repatriating its accumulated funds from various countries, with over USD 180 million currently stranded.

Source: Ethiopian News June 23, 2023 09:58 UTC