The bottomless money pit that is ATCL

ATCL pic

A Boeing 737-9 MAX is accorded a water salute upon its arrival at Julius Nyerere International Airport in Dar es Salaam on March 25, 2024. PHOTO | FILE

What you need to know:

  • The trend of ATCL’s losses is shocking, to say the least – Sh23.6 billion, Sh35.24 billion, and Sh56.64 billion in financial years 2020/21, 2021/22, and 2022/23, respectively. As astounding as these numbers might be, they do not actually reveal the full magnitude of losses