kennedy0000
JF-Expert Member
- Apr 14, 2012
- 4,349
- 3,745
Despite operating only 2 airplanes, this has been Air Tanzania's financial situation for the last few years.
2014/15 - Tsh 94.3 billion ($41 million)
2015/16 - Tsh 109.3 billion ($48 million)
2016/17 - Tsh 113.8 billion ($50 million)
Their new dreamliner has been leased from the Tanzanian government (which borrowed the cash). Meaning ATCL will be paying to use it.
Which means the losses will only get worse.
The problem with Tanzania is that public companies don't publish their books, and when they do, they are buried.
The backward media does not ask questions, and the 'enlightened' JF members are only interested in the financial results of Kenyan companies.
It took a courageous MP to reveal this information about ATCL.
Read: ATCL yadaiwa kuendelea kujiendesha kwa hasara
If Air Tanzania is posting half of KQ's losses, despite operating 2 aircraft, what will happen if they buy more?
Kumbe they have been laughing at KQs losses to distract us from their own.
And remember Air Tanzania has never posted a profit for all its years of operation. Since 1977.
2014/15 - Tsh 94.3 billion ($41 million)
2015/16 - Tsh 109.3 billion ($48 million)
2016/17 - Tsh 113.8 billion ($50 million)
Their new dreamliner has been leased from the Tanzanian government (which borrowed the cash). Meaning ATCL will be paying to use it.
Which means the losses will only get worse.
The problem with Tanzania is that public companies don't publish their books, and when they do, they are buried.
The backward media does not ask questions, and the 'enlightened' JF members are only interested in the financial results of Kenyan companies.
It took a courageous MP to reveal this information about ATCL.
Read: ATCL yadaiwa kuendelea kujiendesha kwa hasara
If Air Tanzania is posting half of KQ's losses, despite operating 2 aircraft, what will happen if they buy more?
Kumbe they have been laughing at KQs losses to distract us from their own.
And remember Air Tanzania has never posted a profit for all its years of operation. Since 1977.