PPRuNe Forums - View Single Post - TCAA pilot funding program- Tanzania
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Old 10th Dec 2013, 07:03
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launchpad74
 
Join Date: Apr 2007
Location: South Africa
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Daladaladriver is correct in saying that only the well connected of the family of VIP's and such gain access to this fund. Correct me if I am wrong anybody, but the funds are given as "loans" and repayable to the TCAA with interest.
Interesting to note how they get operators to pay into the fund, based on a percentage of the seats and revenue (weird formula), which in the end results in Precision air contributing the least, with the largest fleet and number of seats.
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