In line with an eagerly awaited ATCL take-over by Sonangol, the ATCL management*rushed to lease A320-214 from Wallis Trading, a company said to have a close*working relationship with Sonangol, headed by influential Hong Kong businessman,*Sam Pa. The plane (A320) had been operated in Liberia where it was leased, before it*was leased to El Salvador.By the time ATCL entered into the lease agreement in October 2007 the aircraft was*due to go for major technical maintenance, carried out every 12 years (known as*Check C plus 12 years in airline industry). But that fact was only established afterthe agreement was hastily penned down, leading to the aircraft to be grounded in*France for seven months.On its return from technical maintenance in May 2008, the plane remained in the airfor seven months until December 2008 when was re-grounded for maintenance and*never flown ever since, until it was released by ATCL in October 2011. That was two*years before expiration of the lease agreement but the leasing bill stands as if*the plane fully operated throughout the agreed period of lease.*Following the continual deterioration of the ATCL (Air Tanzania Company Ltd) its*steering committee held a meeting on 1st March 2010, and came out with the conclu-sion that to maintain the airbus contract is uneconomical because of the followingi) The Company has no maintenance facility for Airbus A320 aircrafts(ii) It has no back up aircraft engine of the engineers or pilots to support the*operation of the Air BusIt needs about Sh13.9 billion in 8 months to operate it, noted the CAG report to theParastatal Organisations Accounts Committee (POAC) that has never been madepublic.Furthermore, whereas the ATCL report dated 14th December 2010, indicated that theaircraft was found painted in Air Guinea colours during inspection in September*2010, the statement of accounts submitted by Wallis Trading Inc. showed the lessor*continued to bill ATCL and by 30th January 2010 the debt stood at Sh322,671,*841,580 as detailed below, it further said.However another report submitted last month to a Parliamentary committee shows*that the total cost for leasing the used Airbus A320 is about $200 million, monieswhich are enough to buy two brand new aircraft of the same generation.According to the Airbus website, a brand new A320 costs an average price of $88.3*million.