- According to the Tanzania Airports Authority (TAA), in the 2020/21 financial year, Tanzania’s Airports’ domestic revenues have dropped by 40 percent compared to the preceding year.
- TAA is expected to lose some Sh39.4 billion with the 40 percent drop.
According to the Tanzania Airports Authority (TAA), in the 2020/21 financial year, Tanzania’s Airports’ domestic revenues have dropped by 40 percent compared to the preceding year. During the 2019/20 financial year, the Tanzania Airports Authority recorded Sh98.6 billion in revenues. The decline was caused by the disruptions in the aviation sector due to the Pandemic. TAA is expected to lose some Sh39.4 billion with a 40 percent drop.
TAA manages and operates 58 airports across Tanzania. TAA Director general, Julius Ndyamukama said that revenues are expected to go down with significantly low air passenger traffic. According to global projections, Passenger volumes are not expected to return to 2019 levels until 2024.
TAA gets its revenues from two sources, namely: aeronautical and non-aeronautical charges. TAA plans to diversify airports’ revenue streams beyond aeronautical sources to make it more competitive. It proposes to increase the share of non-aeronautical revenues to 30 percent this financial year, against 24 percent the previous year through the involvement of the private sector. Several projects that have been identified and are open to participation by strategic investors include state-of-the-art hotel, a modern shopping complex, and development of landslide commercial activities at Julius Nyerere International Airport (JNIA), as well as Mwanza, Songwe, Mtwara and Arusha airports.
