According to IATA, 10 countries are responsible for 80 per cent of the blocked funds.
Ms Mejstrikova said the roadmap outlined a clear path to improve operational efficiency and traveller satisfaction.
The Nigerian passport has remained one of the least world’s most powerful passports, ranking fifth-worst in Africa, the Henley Passport Index shows.
The change allows banks to freely influence and determine the naira to dollar value.
The upper chamber also called on the CBN to allocate $25 million to airlines operating in Nigeria at its fourth-nightly dollar auction.
British Airways would no longer be selling new tickets until the situation is resolved.
“IATA is disappointed that the amount of airline money blocked from repatriation by the #Nigerian government grew to $464 million in July,” said the association.
Annual cash burn for airlines is pegged between $75 billion and $95 billion.
According to a study by IATA, cash burn will continue through 2021, leading to a net loss of $38.7 billion.
