Fleet groundings cause losses to balloon at Air Tanzania
Air Tanzania (TC, Dar es Salaam) saw its net loss rise 62% in the 2023-24 financial year, mainly due to the prolonged grounding of its A220-300s and a DHC-8-Q300, unpaid lease charges, and high operational and maintenance costs. The airline's total accumulated losses reached TZS534 billion shillings (USD199 million). These are some of the findings [...]