February 04, 2009

Air Tanzania Gets Chinese Cash to Buy Planes

The announcement today that Air Tanzania would sell a 49 percent stake to a private Chinese investor - China Sonangol International - was in the works since last August. The company plans to use the cash to buy 9 planes, renovate its airport terminal, and fund operations (the airline was grounded recently). The interesting speculation to me is what planes will it buy - Airbus A320 assembled in Tianjin? The smaller domestic Chinese jet the ARJ21 (first deliveries are expected this year) or made in Europe or USA Airbus or Boeing? The financing is by the China Development Bank which was shored up not to long ago by China's Soverign Wealth Fund the China Investment Corp. Could this be one way of funding your own nation's production and export?

Labels: , ,

Comments: Post a Comment

Subscribe to Post Comments [Atom]

<< Home

This page is powered by Blogger. Isn't yours?

Subscribe to Posts [Atom]