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New airline for Tanzania? |
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Monday, 19 July 2010 |
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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.
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