MUBS Principal Prof. Waswa Balunywa said it is not viable to revive the defunct Uganda Airlines. Prof. Balunywa who was the last Board Chairman of Uganda Airlines, noted that although several government officials have publicly voiced their support for the idea of reviving the airlines, he thinks the idea is not a wise one. Prof. Balunywa was giving a keynote address at the 22nd Annual International Management Conference. He delivered a key note address on “Government can not do Business.”
He emphasized that Government cannot bring back Uganda Airlines unless the problems of governance in its institutions are solved. He further said, the public sector cannot succeed unless the fundamental issues of governance and corruption are addressed. The major challenge of governance should be addressed first before thinking of reviving the Airlines.
According to him, Uganda Airlines is not the type of project that the government should invest in because it is a very expensive project. He advised that government would rather concentrate on projects that improve the country’s competitiveness in the region.
The one and only Uganda Airlines company was liquidated in the wake of liberalization in May 2001 due to its heavy indebtedness that soared to a tune of more than $6 million.