The privatisation of Air Tanzania is on track for July with eight bidders lining up. In the queue for a 75% stake in the airline are South African carriers Comair, Nationwide Airlines and South African Airways, with Bahrain-based Gulf Air Falcon, Kenya Airways, Pakistan's Aero Asia International, Air Consult International of Ireland and Tanzania's Precision Air.
Tanzania's parastatal sector reform chairman John Rubambe says the government is planning to retain 25% of the new airline, which would be expected to display the Tanzanian flag on its aircraft.
The new airline will be divided into two companies - Air Tanzania Limited to run the business and Air Tanzania Holdings Company to handle the airline's liabilities and dispose of non-core assets.
Source: Flight International
