Last Updated
Wednesday 17 December 2014, 20:36 pm.
Air Botswana seeks management company

The national airline Air Botswana is looking for a management company to run the company for a three-year period.
By Staff Writer Fri 19 Dec 2014, 05:55 am (GMT +2)
Mmegi Online :: Air Botswana seeks management company








This follows hot on the heels of the collapse of the privatization exercise of the parastatal.

A few months ago the Minister for Works and Transport Lesego Motsumi announced the suspension of the privatization exercise after a drama-filled period during which parliament and cabinet clashed over the legality of the exercise. Government subsequently indicated it would engage a management company to run the embattled parastatal.

In an advert circulated in the local media AB calls for submissions from management companies, "to revitalize and restructure AB with a view to brining about a sustainable improvement in its performance and to prepare AB for eventual privatization by making it attractive for investment by a reputable strategic equity partner".

The initial mandate of the new management would be to - install a new AB executive management team and ...implement a fleet restoration plan to quickly replace the airline  with more suitable aircraft. The major long-term objectives are stated as the operating of AB in accordance with international standards in all the areas, implementation of a program to overhaul the airline's ATR aircraft and the preparation of the staff for eventual privatization.

Plans to privatize the airline remain top of the priorities as the advert indicates that one of the roles of the new management would be to prepare the workers for downsizing the workforce and working on a retrenchment packages for them while attracting a "strategic partner", for privatization.



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