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Home»Breaking news»UGANDA AIRLINES SIGNS WHOOPING 3.7TRILLION DEAL TO ACQUIRE 10 PLANS
Breaking news

UGANDA AIRLINES SIGNS WHOOPING 3.7TRILLION DEAL TO ACQUIRE 10 PLANS

felix@elixnews.co.ugBy felix@elixnews.co.ugJune 11, 2026No Comments2 Mins Read
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Uganda Airlines has signed officially signed an agreement with Boeing valued at Shs 3.7 trillion to acquire 10 new aircrafts to expand her international operations.

Uganda Airlines is the national flag carrier of Uganda operating passenger and cargo services from its hub at Entebbe International Airport (EBB). Originally established in 1976 and liquidated in 2001, the airline was revived by the government and resumed operations in 2019

The agreement was signed during a ceremony at State House witnessed by President Yoweri Museveni, senior government officials, representatives of the United States Embassy, members of the Uganda Airlines Board, and Boeing executives.

The signing, the additional aircraft will facilitate trade, tourism, investment, and cargo transportation, contributing to the implementation of Uganda Vision 2040 and the country’s long-term development goals.

Under the proposed acquisition, Uganda Airlines will add eight passenger aircraft to its fleet alongside two cargo aircraft — a Boeing 767 converted freighter and a Boeing 737 Boeing Converted Freighter (BCF).

The airline said the expansion will significantly increase its capacity to serve regional, continental, and international markets while supporting Uganda’s broader economic development objectives.

The expansion is also expected to support growth in key sectors identified under the government’s economic transformation agenda, including agriculture, tourism, minerals, and services.

“This is a strategic investment in Uganda’s future and a major step towards establishing Uganda as a leading aviation hub in the region,” the airline said.

The deal marks the beginning of what Uganda Airlines described as a long-term partnership with Boeing, one of the world’s leading aircraft manufacturers.

During the ceremony, Boeing Vice President of Sales Anbessie Yitbarek pledged continued support for the airline through technical expertise, training, and capacity-building initiatives aimed at ensuring sustainable growth.

Uganda Airlines also expressed gratitude to President Museveni, the government, the Board of Directors, the Uganda Civil Aviation Authority, Boeing, and the airline’s management and negotiation teams for supporting the acquisition process.

The national carrier, which resumed commercial operations in 2019 after nearly two decades out of service, has been steadily expanding its network and fleet as it seeks to position Uganda as a key aviation gateway for East and Central Africa.

The latest acquisition, once finalized and delivered, will significantly increase the airline’s operational capacity and strengthen its ability to compete in both passenger and cargo markets

 

 

BANK OF UGANDA CAPITAL MARKETS AUTHORITY COCACOLA KCCA MAKERERE UNIVERSITY MINISTRY OF DEFENCE MINISTRY OF EDUCATION MINISTRY OF FINANCE MINISTRY OF FOREIGN AFFAIRS MINISTRY OF LOCAL GOVERNMENT MINISTRY OF PUBLIC SERVICE PARLIAMENT OF UGANDA
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