New airline for Tanzania?

: Latest News; Tuesday, 20 July 2010

Chinese investors have pressured Tanzania to set up a new state airline to replace the ailing Air Tanzania (ATCL).

The formation of a new airline now is likely to be announced after the end of the national parliamentary session.

Hong Kong-based investor Sonangol International reportedly said it does not want to be associated with the debts ATCL accumulated - allegedly due to poor management, corruption and overstaffing.

ATCL's debt is estimated to be more than US$20 million.

New airline for Tanzania?

Latest News

Tuesday, 20 July 2010

Chinese investors have pressured Tanzania to set up a new state airline to replace the ailing Air Tanzania (ATCL).

The formation of a new airline now is likely to be announced after the end of the national parliamentary session.

Hong Kong-based investor Sonangol International reportedly said it does not want to be associated with the debts ATCL accumulated - allegedly due to poor management, corruption and overstaffing.

ATCL's debt is estimated to be more than US$20 million.