The Uganda government could acquire up to six aircraft should it take up the recommendations made in an inter-ministerial report concerning the proposed relaunch of a new national airline, ch-aviation reports. Quoting excerpts of the report, the Uganda Monitor newspaper said last week that Yoweri Museveni's government may source up to USD331 million from various financial institutions, one of which could be the Eastern and Southern African Trade and Development Bank, more commonly known as the PTA Bank. With leasing dispelled as a viable long term option given the accrued costs, the proposal has, instead, pointed to the acquisition of narrow- and wide-body aircraft suitable for regional and international services. “Government will purchase the aircraft using loan finance sourced internationally at an interest rate of 5 per cent per annum and over periods of 7-10 years (One A330-200 cost is estimated at USD109.5 million. Two are required, while a Bombardier CRJ-900 at USD27.96 million, with aircraft needed under the plan,” the report said. Aside from the USD330 million in fleeting costs, government also intends to contribute USD70 million as start-up and working capital for the airline. Ethiopian Airlines has been touted as a possible adviser in the new venture although no known formal contracts have yet been signed. Uganda has been without a de-facto flag carrier since the Ugandan Civil Aviation Authority (UCAA) grounded the Aga Khan Foundation's Air Uganda project in 2014.
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Wow! Stunning! Hilton seems to be taking Africa by storm. Just a couple of years back, they opened the first ever in Eswatini.
Wonderful event and topics discussed, hopefully we see the manifestations in our African airline businesses in the nearest future. Kudos to you all.
Hi, I'm Lucy. Please how do I embark on my travel/ tour business. I am newbie and help..
Prices in the Sol Torremolinos Don Pablo are the same than two weeks ago.
Good location astounding but the staffs are rude and they make me wait so long for the service. They charge me more than what is on the website and did not refund me the manager is not helping with the issue
WoW. Amazing Review. 👍
I spent the holidays here, I don't know why but during the holidays their reception smells like a piss Id rather not spend my special occasions here
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I am really tempted to book the next ethiopian airlines ticket and relive your journey. The pictures shared with the post also reflect that you truly enjoyed the travel. Great post! I also like the fact that you have covered nuances about the food and entertainment service through the pictures. It helps people know what to expect on their travel by this airline.
More Info : https://www.cleartrip.ae/flight-booking/ethiopian-air-airlines.html