Week two of 2024 brought positive developments from the Nigerian government, with the Central Bank of Nigeria redeeming outstanding liabilities totaling $2 billion over the past three months. Notably, $61.64 million was released to foreign airlines. Despite this, the continent grapples with a significant challenge—blocked airline funds, with Africa’s nations withholding over $1.7 billion of airline ticket sales. Nigeria and Egypt alone owe more than half of this total, posing a threat to airline connectivity on both continental and intercontinental levels.
The week featured major announcements on new and revamped routes. Ethiopian Airlines launched a freighter service to Casablanca in Morocco, marking its 35th cargo destination in Africa. South African Airways ambitiously expanding it’s international footprint, announced the…
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