Air Tanzania Stuck with Tsh133 billion Debt
Accrued legacy, as well as current debts with a minimum of 133 bn Tanzania Shillings are a damaging factor for the advancement of this airline was parliament within Dodoma city which is the political capital of Tanzania informed during the week by Deputy Transport Minister, as he answered questions brought up regarding the scenario of ATCL.
At the moment The airline merely runs 2 planes, a not too long ago acquired Bombardier CRJ200 as well as a Bombardier Q300 turboprop, and also despite promises that other planes will be acquired this hasn't yet taken place. The minister in addition informed parliament that there were plans to obtain 2 Embraer e-jets of E170 as well as E190 brands along with a minimum of 2 Chinese made Y12’s. however Exactly how government was intending to settle the financial debts wasn't clarified, spreading uncertainties over the alternative to ultimately look for a good investor yet again, since they would anticipate finding a company that is free of debts to invest their money into and also not be encumbered with older problems like Fastjet found with the purchase of Fly 540 operations within Tanzania.
observers within the Aviation industry also took instant trouble with the statement that ATCL must acquire 2 Chinese made Y12 20 seater aircraft, saying that the more successful DHC 6-400 Twin Otter was an advanced aircraft that has been operating within the region for the last thirty years through previously models and was considered to be considerably better, on the other hand pointing to the Czech made LET 410, as well a 19 seater that was similarly widely used within East Africa. unfortunately we could not obtain any comment from officials at Air Tanzania, which previously has remained silent regarding the extent of legacy as well as current debts sustained as well as about their financial records.
Other air operators expressed their continuing issue that continuous settlements and tax assistance to the loss-making national air carrier angled the playing field and permitted for altered competition, an accusation previously denied by sources in the government however generally considered to be the appropriate evaluation of the Tanzania aviation sector.
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