IATA Says Blocked Airline Funds Could Slow Recovery

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The International Air Transport Association (IATA) has urged governments to abide by international agreements and treaty obligations to enable airlines to repatriate close to $1 billion in blocked funds from the sale of tickets, cargo space, and other activities. According to IATA, approximately $963 million in airline funds are being blocked from repatriation in nearly 20 countries. Four countries namely …