One can now understand why Rwandair’s Mission statement is ”To provide unsurpassed, safe and reliable services in air transportation, including strategically linking Rwanda with the outside world, while ensuring a fair return on investment”.rwanda safaris
RwandAir has secured $40 million from the PTA bank to finance its ten-year strategic plan and a five-year business plan whose implementation started this year.gorilla safaris in rwanda
PTA bank is the Eastern and Southern African Trade and Development Bank based in Bujumbura, Burundi of which Rwanda is a shareholder. The PTA Bank was established on 6 November 1985 following the provisions of the Treaty of 1981 establishing the Preferential Trade Area (PTA), which has since been transformed into the Common Market for Eastern and Southern African States (COMESA), as a financial arm of the integration arrangement.rwanda gorilla safari
Former Finance Minister James Musoni, RwandAir Chairman John Mirenge, RwandAir Chief Executive Officer Gerard Zirimwabagabo and PTA Bank President Dr.Michael Gondwe signed the financing agreement in Kigali recently.
RwandAir chief Zirimwabagabo said that the national carrier will use the loan to purchase its own fleet, spare parts, construction of a hanger and staff training.rwanda gorilla trekking
“In the current five-year business plan we are looking at procuring a minimum of six aircrafts,” he said.
“We are purchasing two CRJ-200 aircrafts with PTA bank financing and this is very important because these are the first RwandAir owned aircrafts.”gorilla permits
He revealed that the airline is engaged in talks with the Boeing Company for brand new Boeing 7373-800s aircrafts that should be available by mid 2011.
He said the airline is also talking to other international banks for possible lending.
The airline recently hired two Rwandese pilots out of the required five pilots to fly its fleet.gorilla trekking safari
Rwandair also terminated its contract with Jetlink, a Kenyan based company following the latter’s aircraft crash on November 12 at Kigali International Airport in which one passenger died.
