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 in the Annual Audit Report for Public Entities for the fiscal year (July 1 to June 30) in question, tabled in the country’s National Assembly on April 16 by the Controller and Auditor…

Source: ch aviation
Read more: Fleet groundings cause losses to balloon at Air Tanzania