Airlines Recoup $500 Million in Blocked Funds From African Countries – Skift

Editor’s Note: Gateway is a Skift series featuring first-hand, original stories from our correspondents embedded in cities around the world. The logo reflects where the correspondent is based and not necessarily the article’s focus. Read about the series here.

The International Air Transport Association is finally making headway in resolving the issue of blocked funds, which has left airlines flying into certain African countries owed millions of dollars.

Wind the clock back to late 2017 and governments across Africa had blocked nearly $1 billion in payments due to global carriers. The likes of Nigeria, Sudan, Angola and Mozambique were amongst the worst offenders, their economies hard hit by the slump in the price of oil and other commodities.

“These countries were overly dependent on…

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