January 18, 2018 / 12:43 PM / in 8 months

Airline body IATA in talks with Angola over blocked $500 mln

CAPE TOWN, Jan 18 (Reuters) - Angola is withholding repatriation of over $500 million in revenues generated in the country by international airlines, airline industry body IATA said in a statement on Thursday.

Africa’s No. 2 crude producer, which is facing a shortage of foreign currency reserves, has previously not paid airlines, including South African Airways and Emirates the money due to them. (Reporting by Wendell Roelf; Editing by Ed Stoddard)

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