//
archives

TAAG Angola

This tag is associated with 2 posts

SUMMARY: Nigeria has cleared its IATA backlog of $US 600m owed to airlines from ‘blocked’ ticket sale repatriations, which is a deplorable act against global airlines that serve those states. There is no legal reason for any government to seize such funds from airlines. At the end of 2017 $4.9b was being illegally kept by various governments from IATA airlines. Now 16 countries are still blocking IATA airlines ticket sales repatriations still. The worst culprit is technically bankrupt Venezuela, which is headed for total collapse soon at $3.78b, followed by Angola still owing $386m (from a high of $500m), Sudan at $170m, Bangladesh at at $95m, Zimbabwe at $76m, plus 11 more states owing around $170m. This practice must stop, IATA needs to take action to help airlines repatriate those funds, and I say its time to seize the aircraft of those states national carriers when they land at a jurisdiction that allows the seizure of the aircraft, until the IATA accounts payable are straightened out, that means seizing aircraft of Conviasa (Venezuela), TAAG Angola, Sudan Airways, Biman Bangladesh, Air Zimbabwe and Zimbabwean Airways (ZANU-PF government corruption scam has 2 national carriers right now in Zimbabwe) and any other state owned airline aircraft, where the government has illegally been blocking IATA airline repatriation of funds, simple as that! and watch the governments pay up fast!

Read my regular Articles and Posts on LinkednIN:  https://www.linkedin.com/in/tomas-chlumecky-3200a021/   Nigeria clears foreign airlines’ $600m trapped funds Published June 6, 2018 – Maureen Ihua-Maduenyi – Punchng.com       Tomas’s Comment:   When governments start to hold IATA airline ticket sales repatriation, it is theft in my book, and for too long IATA and its 290 … Continue reading

ABSTRACT: IAG (International Airline Group) acquires Ireland’s Aer Lingus and gains 23 valuable slots at Heathrow, while oneworld partner Qatar Airways buys 10% of IAG, Europe’s highly fragmented airline industry with 200+ airline groups where the top 5 airlines by traffic have a 46% market share compared to 87% in the highly consolidated and concentrated US market, and a new stage of European consolidations will soon begin, as state aid is all but gone now, and already in 2015 both Cyprus Airways and EuroLOT are shut down, Lufthansa Group and Air France-KLM Group both struggle with sustainable profitability and many of the remaining small carriers are waiting for a “white knight” before they go bankrupt, meanwhile most of the recent European airline acquisitions have been from outside of Europe, the industry is changing, and many airline bankruptcies are expected as there are no more “white knights” around like Etihad Airways to rescue the weak and struggling airlines.

The Irish national carrier, Aer Lingus is being acquired by IAG (International Airline Group, LSE:IAG), the 6th largest airline group in the world with revenue of $US 24.7 B (billion) and the parent of British Airways, Spain’s Iberia and LCC Vueling, valuing the airline at Euro 1.36 billion (+/- $US 1.53 billion). Under current CEO … Continue reading