Air Botswana eyes lift-off from financial doldrums
Friday, September 29, 2023 | 1130 Views |
Wet wings: Air Botswana has struggled to balance its books over the years and is pinning its hopes on a turnaround
The national airliner has experienced losses since 2008 due to an ageing fleet, high maintenance costs, equipment failure, route redundancy and pressures from competition.
Air Botswana acting CEO, Masego Mookodi, recently told BusinessWeek that the company would be implementing a strategy that will reduce the national airline’s reliance on government subventions.
That a single private law firm pocketed P6.5 million for just four cases, out of a total P11.1 million paid for 25 matters, reeks of a system that was not merely disorganised but open to abuse.Bayford has taken a welcome first step by telling the Public Accounts Committee the truth. Now he must act decisively to ensure it never happens again and that any money lost to wrongdoing is recovered.The figures are staggering. Whilst ordinary Batswana...