Some African nations owe $1.2 billion to international carriers..said Raphale Kuuchi, IATA’s Vice President for Africa at the on-going aviation conference in Kigali, the Rwandan capital.
The nine countries Angola, Algeria, Eritrea, Ethiopia, Libya, Mozambique, Nigeria, Sudan and Zimbabwe, collectively owe 1.2billion to international carriers as they were unable to recover from 2014 economic crisis. Out of nine countries, Nigeria liquidated the debt of $600million to $221 million last month.
These countries did not allow foreign airlines to take back their revenues and block money going out the country. Angola blocked $500million while Sudan blocked $200 million form being taken out of the country reasoning the economic crisis.
Due to affected revenue stream, some foreign airlines have cut their services while some changed the their operational aircraft to smaller ones.
United Airlines and Iberia stoped services to Nigeria in early 2016 while Emirates which cut back its services to half has announced to resume from December 2017..