Dar Es Salaam — The Hong Kong-based China Sonangol International Holdings Ltd is to buy shares in the financially strapped national carrier, Air Tanzania Company Limited (ATCL) and provide additional funds to purchase new aircraft.
A process of restructuring has begun in which a total of 188 employees of have agreed to sign the retrenchment agreement to enable this course of action.These are among 330 ATCL employees lined up for retrenchment before the national carrier is taken over by the new investor from China.
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