Govt. funding of RwandAir increases to Rwf145.1bn

By Nicole Kamanzi M.
On 23 May 2020 at 05:24

RwandAir will get a financial boost from the government of Rwanda, Minister for Finance and Economic Planning, Dr. Uzziel Ndagijimana has said. The minister made the revelation, Thursday while presenting the Budget Framework Paper at Parliament where he said that funding for the national carrier will increase from Rwf121.8bn to Rwf145.1bn this financial year to help the airline sustain operations.

The CEO of the airline Yvonne Makolo said that the airline will direct the funds in sustaining operations and expanding the airline as flights resume after a lull occasioned by coronavirus pandemic.

“We are looking at both, sustaining operations and expanding the airline but for now we are waiting to see if skies will reopen and we resume flying,” She said.

RwandAir grounded flights as part of the measures to contain the spread of COVID-19 and only recently launched cargo flights in the region and beyond as an alternative as passenger flights remain suspended.

Last month, RwandAir announced that they would cut employees’ salaries by between 8 percent and 65 percent while the top management team forfeited their salaries. Makolo said the airline has not laid off any staff.

“We have not laid off any staff and we don’t hope to do so,” Makolo said, adding however that fully restoring operation will depend on the subsiding of COVID-19.

RwandAir recently resumed cargo flights to and from Guangzhou, China, flights from Mwanza, Tanzania, to Brussels as well as London in a bid to rake in revenue from the growing demand of goods.

Makolo said the plan is working out well with the demand for cargo shipment on the increase as many countries continue to impose travel restrictions to contain the spread of Coronavirus.

President Paul Kagame said the government would consider investing more money in the airline to sustain its operations last month.

The CEO of the airline Yvonne Makolo said that the airline will direct the funds in sustaining operations and expanding the airline

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