Cicero
JF-Expert Member
- Jan 20, 2016
- 2,924
- 3,074
t may be tempting to follow Rwanda’s example of building what appears to be a successful airline. Indeed, RwandAir looks impressive from a distance.
RwandAir began operations in 2002 as the new national carrier under the name Rwandair Express. In 2009, the airline’s name was changed to RwandAir. Its fleet currently comprises:
A closer look at RwandAir’s state of affairs shows us the real situation. RwandAir’s financial statements from 2013 to 2016 reveal how the airline is bankrupting Rwanda. The circumstances of RwandAir may be summed as follows:
MY TAKE:
The story of Kenya Airways isn't that much different.
Solution ni kuwa na regional airline.
RwandAir began operations in 2002 as the new national carrier under the name Rwandair Express. In 2009, the airline’s name was changed to RwandAir. Its fleet currently comprises:
- Two Airbus A330
- Four Boeing 737–800
- Two Boeing 737–700
- Two CRJ900
- Two Bombardier Q-400
A closer look at RwandAir’s state of affairs shows us the real situation. RwandAir’s financial statements from 2013 to 2016 reveal how the airline is bankrupting Rwanda. The circumstances of RwandAir may be summed as follows:
- Total assets — US$238 Million by 2016;
- Accumulated losses between 2013 and 2016 — US$222 Million;
- Accumulated grants from the government between 2013 and 2016 — US$192 Million;
- Accumulated government loans — US$238 Million;
- Accumulated loans from outside government sources — US$100.6 Million.
MY TAKE:
The story of Kenya Airways isn't that much different.
Solution ni kuwa na regional airline.