Preloader
 

Key milestone

Separately, the implementation team achieved a key milestone when the MoU signed with Airbus for two A330-800Neos last June was converted into a firm commitment at the end of December.

“The MoU was due to expire on December 23 and we were told that if we did not make a commitment by that date, we would lose an $800,000 deposit and there would also be cost escalation,” said a source familiar with the matter.

Delivery slots would also have been missed. The government is understood to have made top-up payments towards the purchase last month, but we could not establish the amount.

Airbus released its 2018 sales and production figures on January 9, but the Uganda Airlines order is not reflected.

Airbus declined to comment on the purchase, only saying, “We are making good progress towards concluding that transaction.”

Source: https://www.theeastafrican.co.ke/business/Yoweri-museveni-pushes-team-to-launch-uganda-airlines/2560-4933018-4voegg/index.html

Leave a Reply

Your email address will not be published. Required fields are marked *