Third Air Tanzania Bombardier Q400NextGen confiscated in Canada over government debts
If that money does not come, the CS 300's or even the B787 will face the same fate
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DEBTS COME TO HAUNT TANZANIA AS THIRD NEW AIRCRAFT GRABBED IN CANADA BY CREDITOR
(Posted 25th August 2017)
Only this morning was the question asked once again why the third Air Tanzania Bombardier Q400NextGen, due for delivery back in June, was not delivered to Dar es Salaam as projected and why the Tanzanian government kept silent over the affair.
However, reports are now filtering in that it was a long standing and unpaid international debt by the government of Tanzania which prompted the creditor to seize the aircraft in Canada before it could take off for the ferry flight to Dar es Salaam, of course a shameful and embarrassing affair which the government did not want to come into the public domain.
The debt owed plus interest accrued accumulated since 2010 to some 38.7 million US Dollars, exceeding the cost of the seized aircraft and hence prompting frentic efforts by the Tanzanian government to seek a settlement with Stirling Civil Engineering.
Said a usually well informed source from Dar es Salaam: 'Had Sterling let the aircraft leave instead of seizing it, do you seriously believe they would have gotten the government back to the negotiating table? We hear that they