Tuesday, March 2, 2021
  • About Us
  • ImagiNATION
  • Adverts
  • Rate Card
  • Contact Us
The Nation Online
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Opinion
  • Sports
  • Chichewa
  • Enation
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Opinion
  • Sports
  • Chichewa
  • Enation
No Result
View All Result
No Result
View All Result
Home News National News

Air Malawi says it lacked govt support

by Johnny Kasalika
08/05/2012
in National News
2 min read
0
Share on FacebookShare on TwitterShare on WhatsAppShare on LinkedinLinkedinShare via Email

chimpukuso | The Nation OnlineAir Malawi says it is in its current bad financial state because the previous administration did not provide the company with proper support.

RelatedHeadlines

Stakeholders commit to end child marriages in Machinga

First Deputy Speaker supports herbal farming

Karonga Hospital sewer gets fixed

In an exclusive interview in Blantyre on Monday, the airline’s tariffs and industry affairs manager Tony Chimpukuso said, with proper support from the shareholder (the Malawi Government) in terms of equipment, the company is a viable business that could be utilised to bring foreign exchange into the country.

Chimpukuso said at the moment, the company, which owes its service suppliers, especially those that provide aircraft parts about K4 billion, needs about $500 000 (K125 million) for a longer period leasing of a Boeing 737 500.

He also confirmed that the National Audit Office (NAO) is conducting a performance assessment of the airline to determine its viability as a business.

Said Chimpukuso: “At the moment, we are still waiting to get the final report from the audit and, of course, there are debtors, but it’s not K4 billion. It might be in the ranges of K240 million  which came about because of bad debtors.”

Chimpukuso said the devaluation of the kwacha will also bloat the company’s financial obligation because it owes foreign and local suppliers a huge sum of money for providing aircraft parts and services.

With the hosting of the African Union (AU) summit in July, Chimpukuso said the country could have taken advantage to equip the airline to provide constant transportation between Blantyre and Lilongwe for delegates who cannot be accommodated in the capital city.

Said Chimpukuso:  “If we can have one or two jets, we will be able to bring into the country a lot of forex and at the same time reduce the externalisation of forex by other airlines who are in bilateral partnership.”

NAO corporate communications officer Thomas Chafunya on Monday said the concrete amounts of what the airline is owed by debtors and what it was owing service providers would be known after the performance review audit.

Previous Post

Court grants sodomy suspect bail

Next Post

‘Devaluation big sacrifice’

Related Posts

A cross section o | The Nation Online
National News

Stakeholders commit to end child marriages in Machinga

March 2, 2021
Kazombo | The Nation Online
National News

First Deputy Speaker supports herbal farming

March 2, 2021
Karonga Hospital | The Nation Online
National News

Karonga Hospital sewer gets fixed

March 2, 2021
Next Post
The Nation Online ‘Devaluation big sacrifice’

‘Devaluation big sacrifice’

Opinions and Columns

My Turn

Tackling global slowdowns

March 1, 2021
People’s Tribunal

Burglary at the hill

February 28, 2021
Search Within

Perseverance landed, is alive and well

February 28, 2021
Emily Mkamanga

Tasting your own salt in politics

February 28, 2021

Trending Stories

  • Olela: We are excited

    K5bn Sunbird Waterfront hotel opens May

    0 shares
    Share 0 Tweet 0
  • Inside Chisale’s seized property

    0 shares
    Share 0 Tweet 0
  • Exclusive: RBM’s Mzuzu branch payment mess exposed

    0 shares
    Share 0 Tweet 0
  • Lhomwe chiefs divided on paramount chief

    0 shares
    Share 0 Tweet 0
  • Experts fault IFMIS roll-out delays

    0 shares
    Share 0 Tweet 0
  • Values
  • Our Philosophy
  • Editorial policy
  • Advertising Policy
  • Code of Conduct
  • Plagiarism disclaimer
  • Disclaimer
  • Privacy Policy
  • Terms of use

© 2021 Nation Publications Limited. All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Opinion
  • Sports
  • Chichewa
  • Enation

© 2020 Nation Publications Limited. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.