Gaborone, Botswana (PANA) - Botswana has announced plans to aid the ailing national airline, Air Botswana, whose accounts have remained in the red for years.
Dr. Omponye Kereteletswe, acting permanent secretary in the Ministry of Transport and Communications, on Thursday told the Public Accounts Committee (PAC) that Air Botswana was bankrupt.
He said government was working on a strategy to re-fleet and purchase aircraft for long distance routes, as cutthroat competition in the industry weighed down the airliner.
Dr. Kereteletswe said plans to re-fleet came after several strategies had been implemented at Air Botswana to rescue the situation
In addition, government recently appointed a new board expected to turn around the airline’s fortunes.
Meanwhile, Air Botswana has resolved to limit its routes within Africa, as management rolls out a re-engineering exercise and purchase of new aircraft.
Air Botswana, a government-owned company, has faced a series of challenges following its failed privatization in 2004 and 2008.
Government has also injected large amounts of money into the national airliner to keep it flying to no avail.
In addition, several chief executives have been hired and fired over the years, in an effort to keep the company afloat.
-0- PANA DRW/MA 2June2016