Finance Minister Asks Management of Uganda Airlines to Embrace Private Sector Business Model

Finance Minister Henry Musasizi  met the Board of Directors and Management of Uganda Airlines to discuss the ten years strategic direction of the national carrier owned 100% by the Government of Uganda.

The Uganda Airlines team was led by the Chairperson of the Board of Directors Priscilla Mirembe Serukka and the Acting Chief Executive Officer Girma Wake. The Deputy Secretary to the Treasury Patrick Ocailap is a member of the Board.

The finance minister who was flanked by the Minister of State for Privatization and Investment Aminah Mukalazi said Management of Uganda Airlines should implement key reforms to ensure the Airline becomes a profitable and reliable world class carrier and major contributor to Uganda’s tenfold growth strategy.

The Acting Chief Executive Officer made a presentation on the operations of the Airline and the new developments. He said the Airline has a new schedule structure effective July 1,2026 and has plans to open Accra and Kigali routes to support the new network.

Girma said the regional conflict which led to the suspension of the Dubai flight operations, fuel cost volatility and Ebola outbreak are some of challenges affecting the operations of the Airline. He also called for the establishment of a specialized procurement framework for aircraft acquisitions, leasing transactions and aviation-specific goods and services.

The Chairperson of the Board said Uganda Airlines needs Recapitalization for Aircraft acquisition, meeting the growing route demand and improving reliability.

She said the Airline has successfully transitioned from market-entry startup to a regional competitor, now commanding 27% of market share at Entebbe International Airport.