Ethiopian Airlines says Eritrea has frozen ticket sale revenues

AI Summary

Ethiopian Airlines reports that its revenue from ticket sales in Eritrea remains frozen due to deteriorating political relations between Ethiopia and Eritrea. This ongoing dispute has hindered repatriation of earnings, exacerbating financial challenges for the airline.

Ethiopian Airlines said it is still unable to access money earned from ticket sales in Eritrea, with Chief Executive Mesfin Tasew saying a substantial amount of the carrier’s revenue remains frozen because of the political dispute between the two countries. Mesfin said the funds have remained inaccessible as relations between Ethiopia and Eritrea have deteriorated, preventing the airline from repatriating revenues generated from its operations in Eritrea. This is not the first time the airline chief has raised the issue, having previously highlighted the financial challenges caused by blocked funds and the broader deterioration in bilateral relations. Mesfin said the… The post Ethiopian Airlines says Eritrea has frozen ticket sale revenues appeared first on Ethiopia Observer.