This can only happen in a country where its leaders have no sense of priorities!!! Air tanzania is in urgent need of capital injection so that it can at least manage its domestic routes but this government which is the 100% owner of the Airline thinks it is better to bail out its competitor precision Air than its own airline!!! There is no economic rationale for such a decision and Kikwete should veto it. Wakina Mramba warudishe fedha walizoficha Uswiss waisaidie Airline yao badala ya kutuumiza sisi walipa kodi.
kaka kuna watu ndani ya wizara walitaka kuifufua Air Tanzania, waulize walipata vikwazo gani ...This is insanity so to speak. Air Tanzania, 100% owned by the government is on its deathbed, why not try to waken it instead of this other privately owned airline co.? I cry for my country Tanzania.
Kwenye mfumo wa kibepari tuliokubali, bailout kwa kampuni binafsi na pesa za umma siyo dhambi ili mradi tu kuwe na sababu na masharti mahsusi ya kuzirejesha pesa hizo.
Wakongwe wa mfumo huu (Marekani) wanayafanya haya. Huko Marekani kwenye usafiri wa anga hakuna shirika hata moja ambalo linamilikiwa au Serikali ina hisa hata moja, lakini kila yakiingia kwenye matatizo (ambayo ni ya kawaida katika biashara hii) usaidiwa - ikiwemo kwa kutumia mfumo wao wa kuwekwa chini ya uangalizi maalumu (Chapter 11).
Maoni ya mtoa mada mengine ni sahihi lakini si kweli kuwa matatizo ya Precision Air yanatokana na ushindani na hasa kutoka kwa FastJet. Kwa wale walioko katika sekta hii watakueleza kuwa wateja wengi wa FastJet siyo wale waliokuwa wateja wa Precision air. Kiukweli idadi ya wateja wake haijateteleka.
Tatizo lao kubwa ni kutokuwa makini katika uwekezaji wao na kiwango cha ukuwaji ambao haukuzingatia uwezo wa kampuni.
Naona kama wewe umeongea points za msingi hapa. kufeli kwa kampuni yeyote inayofanya biashara ni kitu cha kawaida sana duniani kote. na once inapotokea serikali huingilia kati kukopesha makampuni haya ili kuzuia yasife kabisa especially kama kampuni husika ina save public interest. jambo kama hili liliwahi kutokea marekani kwa mabenki makubwa kuelekea kufilisika ila serkali ikaingilia kati kuyanusuru pia kwa General motor ya marekani kilitokea kitu hicho hicho. sasa kwa precision nafikiri ni muda muafaka kwa serikali kuingilia kati kunusuru kampuni ile isife kabisa maana kwa muda huu ndio kampuni pekee ya ndege ambayo inaoperate locally na inamilikiwa na watanzania. mtoa mada naona kama ana interest binafsi na Kenya Airways (KQ) na Fastjet. maana precision ikifa hapa watanzania ndio tutakaopata shida maana haya mashirika mengine watakuwa wanatamba kama wanavyotaka na bei zitakuwa juu sana as wana masoko mengine huko watokako na hawatakubali kupeleka ndege zao kwenye viwanja vibovu vya mikoani kama wanavyofanya precision kwa sasa. so Serikali msisite kuwasaidia shirika hili la precision kwa manufaa ya watanzania.haya ni mawazo yangu kulingana na uelewa wangu mdogo wa biasharaKwenye mfumo wa kibepari tuliokubali, bailout kwa kampuni binafsi na pesa za umma siyo dhambi ili mradi tu kuwe na sababu na masharti mahsusi ya kuzirejesha pesa hizo.
Wakongwe wa mfumo huu (Marekani) wanayafanya haya. Huko Marekani kwenye usafiri wa anga hakuna shirika hata moja ambalo linamilikiwa au Serikali ina hisa hata moja, lakini kila yakiingia kwenye matatizo (ambayo ni ya kawaida katika biashara hii) usaidiwa - ikiwemo kwa kutumia mfumo wao wa kuwekwa chini ya uangalizi maalumu (Chapter 11).
Maoni ya mtoa mada mengine ni sahihi lakini si kweli kuwa matatizo ya Precision Air yanatokana na ushindani na hasa kutoka kwa FastJet. Kwa wale walioko katika sekta hii watakueleza kuwa wateja wengi wa FastJet siyo wale waliokuwa wateja wa Precision air. Kiukweli idadi ya wateja wake haijateteleka.
Tatizo lao kubwa ni kutokuwa makini katika uwekezaji wao na kiwango cha ukuwaji ambao haukuzingatia uwezo wa kampuni.
Shirima aliwaamini sana wakenya sasa kilio. Ukiwa na monopoly ya soko lote la nchi, KQ walikuwa wa nini?
Ndiyo wale wale walioua Reli ya kati ili malori yao yapate tenda kusafisha mizigo ndani na nje ya nchi kama Rwanda, Burundi na Zaire!!Mngewajua ni akina nani wanaomiliki hii kampuni wala msingejiuliza maswali mengi hivi...
Shirima aliwaamini sana wakenya sasa kilio. Ukiwa na monopoly ya soko lote la nchi, KQ walikuwa wa nini?
Getstart, maneno yako yalikuwa na ukweli labda miezi minane iliyopita lakini si sasa. Fastjet walipoanza ilionekana ndege ya walalahoi. Ilikuwa na first timers wengi sana, Watz walipanda ndege na watoto zao na maids wao etc. Baadaye Precision wakaanza ku-mess. Watu wakaanza kuwakimbia polepole. Sasa hivi watu wengi sana wamekimbia Precision. Watu hao ni wa makundi mawili: kundi la kwanza ni wale waliokimbia bei za kutisha za Precision (sasa wamepunguza). Kundi la pili ni wanaokimbia delays zisizo na kikomo. Hao wengi wameanza kukimbia miezi 5 iliyopita. Ni wengi sana. Mimi mmojawapo. Hali ya Precision ni mbaya sana, na wameshindwa kuweka mikakati mizuri. Delays ndo zinaua Precision sasa, maana kila mtu anakimbia.Kwenye mfumo wa kibepari tuliokubali, bailout kwa kampuni binafsi na pesa za umma siyo dhambi ili mradi tu kuwe na sababu na masharti mahsusi ya kuzirejesha pesa hizo.
Wakongwe wa mfumo huu (Marekani) wanayafanya haya. Huko Marekani kwenye usafiri wa anga hakuna shirika hata moja ambalo linamilikiwa au Serikali ina hisa hata moja, lakini kila yakiingia kwenye matatizo (ambayo ni ya kawaida katika biashara hii) usaidiwa - ikiwemo kwa kutumia mfumo wao wa kuwekwa chini ya uangalizi maalumu (Chapter 11).
Maoni ya mtoa mada mengine ni sahihi lakini si kweli kuwa matatizo ya Precision Air yanatokana na ushindani na hasa kutoka kwa FastJet. Kwa wale walioko katika sekta hii watakueleza kuwa wateja wengi wa FastJet siyo wale waliokuwa wateja wa Precision air. Kiukweli idadi ya wateja wake haijateteleka.
Tatizo lao kubwa ni kutokuwa makini katika uwekezaji wao na kiwango cha ukuwaji ambao haukuzingatia uwezo wa kampuni.
Shirima aliwaamini sana wakenya sasa kilio. Ukiwa na monopoly ya soko lote la nchi, KQ walikuwa wa nini?
It will be a crazy decision for the government to inject capital to ATCL, we are not that rich to throw away taxpayers money to a business which is certain not going to survive, I am telling you, in five years to come, KQ will be following on its knees.
Tatizo lao kubwa ni kutokuwa makini katika uwekezaji wao na kiwango cha ukuwaji ambao haukuzingatia uwezo wa kampuni.
Same reason - Precision Air leo ikifa tutakuwa hatuna Shirika la Ndege kabisa! Kwa hiyo impact yake ni kubwa kwenye sekta hiyo. Kuhusu ATCL sijui kwa nini, lakini nafikiri haikuhitaji bail out kwani ilikuwa inapata pesa toka Serkalini wakati wote. Swali litakalobaki ni ikiwa pesa walizokuwa wanapewa zilitosha na kusimamiwa vizuri.
hatuna shirika la ndege kubwa zaidi ya hili...kwa hiyo ni sahihi kabisa![]()
I happened to be going through a front page news item on the citizen today. This was on nothing other than the Government of Tanzanias seemingly intent to bail-out Precision Air Services Limited, a DSE listed company, currently in a god-knows-how-we-got-here sort of financial turmoil. According to Citizen, the bailout is expected to be of approximately TZS 51 billion, yes, tax payers money.
I should say I completely believe that this, if it happens, will have been another case of absolute misuse of public funds. There are several reasons to this.
First, in its current operations, Precision is almost completely falling short of its current immediate competitors fast jet, whose coming has meant sleepless nights to Precision. I am yet to see precision come up with its own business survival strategy. Since the coming of fast jet, it has all been a down-hill-fall for PW.
What does one call a stock-listed company that could not resist even one year of competition in a market that it had solely controlled since forever? I remember 2011 when I would cautiously encourage prospective investors to buy precision air stocks only because it had been a monopoly in local flight destinations. I realized that such would not necessarily be the case if a strong competition arose.
Secondly, and even more importantly, in a very strange way, Precision seems to be lacking a knowledgeable board of directors. It is shames to have had the companys Chairman of the board, Mr. Michael Shirima admittedly say that the board has been irresponsible for the companys failure.
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I fail to know which board will now be managing the bail-out funds from the Government. In his interview with the Citizen, Mr. Shirima, blamed the former CEO of the Company, Mr. Kioko of leading the company to its current state of affairs.
He (Kioko) deserves credit for steering the airline during a long transition period, but he had some weaknesses which are to blame for the problems we are now encountering Mr. Shirima said. He cited as an example the ambitious plan that saw the airline lease three Boeing 737 jets to fly to new destinations in Africa, adding that the decision did not take into account the risks involved.
Well, here I am, thinking, could the CEO have taken the business expansion decisions on his own? Did the members of the board review the proposed plans before approval? Is it the same board that is going to sit and approve how the TZS 51 billion, Tanzania tax payers money will be utilized too? I see a bubble growing.
This case reminds me of what happened in 2005 when a shadowy company going by the name of Tan Power Resources limited managed to undertake a number of Government-guaranteed deals which ultimately ended up being a loss to the nation.
Tan Power Resources Limited, having managed to have the whole of Kiwira Coal & Power Limited (KCPL) sold to it by the Government of Tanzania for a tiny TZS 700 million, went on to acquire from CRDB, PSPF and NSSF, Government-guaranteed loans amounting to $ 15m (including accrued interests only up to year 2008).
As those who had visited the mine site since its privatization will tell you, there has never been a capital investment done on the mine, even though such huge sums were summoned by Tan Power Resources Management. Strange? That is how smart people rob a nation. A friend of mine once said, the best way to rob a bank is to actually own it.
Kwani ndo mara ya kwanza kufanya hivo? Mbona serikali ilishatoa billion kadhaa kuwafidia wanunuzi wa pamba waliojifanya kupata hasara kutokana na economic recession ilhali ikiwaacha patupu wakulima wenyewe?Kuna mambo mengine ukiyasikia yanakutia hasira kiasi kwamba unatamani uwakute hao viongozi wanaoidhinisha huu upuuzi, uwasambaratishe kwa bakora huku matusi yakikutoka mfululizo!
Yaani tumefikia hatua hii kwamba Viongozi hawaogopi wala hawaheshimu walipa kodi kwa kiasi hiki! And nobody senior to them bothers to intervene this. Halafu ukiwasema wanakuambia wewe ni mchochezi, ni mpinzani kutoka CHADEMA, na hata kesi ya ugaidi wanakupikia.