By Watchdog reporter
Cabinet has approved the proposal to revive the defunct Uganda Airlines which ceased operations 15 years ago.
Last year, State Minister for Transport Aggrey Bagiire said the government set aside UGX245bn as initial capital. Airlines will be revived by August 2017.
Uganda used to have a national airline, established in May 1976 under the Idi Amin government. However, Uganda Airlines was liquated in 2001 over heavy debts that stood at a tune of more than $6 million (about Shs21 billion at today’s exchange rates). The liquidation, a painful reality, did not settle in well with a number of stakeholders, who blamed the government for deliberately killing the airline.