air tanzania

Air Tanzania Company Limited (ATCL) (Swahili: Kampuni ya Ndege ya Tanzania) is the flag carrier airline of Tanzania based in Dar es Salaam with its hub at Julius Nyerere International Airport. It was established as Air Tanzania Corporation (ATC) in 1977 after the dissolution of East African Airways and has been a member of the African Airlines Association since its inception. The airline was wholly owned by the Tanzanian Government until 2002 when it was partially privatised as per the directive of the Bretton Woods Institutions to implement the country's Structural Adjustment Program. The government therefore reduced its shareholding to 51 percent and entered into a partnership with South African Airways.
The partnership lasted for about four years and had accumulated losses of more than Tsh 24 billion (US$19 million) (based on an exchange rate of 1,251.9 as per the WB: http://data.worldbank.org/indicator/PA.NUS.FCRF?page=1) The government repurchased the shares in 2006, making it once again a wholly owned government company. Over the years, it has served a variety of domestic, regional, and intercontinental destinations. Despite being the national airline, its market share deteriorated over the years from 19.2 percent in 2009 to 0.4 percent in 2011.In 2016, the Tanzanian government under President John Pombe Magufuli initiated a new drive to revive the national carrier. The government purchased two new Bombardier Q400 for the national carrier, which were delivered in September 2016. In December of the same year the president's office announced that a four additional aircraft would be purchased for the national carrier, with deliveries set for June 2018. Air Tanzania's market share during 2017 increased to 24 percent from 2.5 percent the previous year.

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