March 2, 2020 / 8:47 AM / a month ago

IATA says in talks with Lebanon's central bank on airline revenue repatriation

DUBAI, March 2 (Reuters) - The International Air Transport Association (IATA) said on Monday that it was working with Lebanon’s central bank to ensure revenues of non-Lebanese airlines continue to be repatriated.

Revenues of non-Lebanese airlines are still flowing out of the country, which is struggling with a deep financial crisis, but it is becoming difficult, IATA’s Vice President for Africa and the Middle East Muhammad Ali Albakri told reporters.

Albakri said he hopes IATA would not have to put Lebanon on its list of countries that block funds being repatriated, adding that Lebanon understands how vital air connectivity is to its economy.

Reporting by Alexander Cornwell; Writing by Aziz El Yaakoubi; Editing by Alison Williams

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below