The African aviation industry has seen a downturn in recent years but RwandAir pushed their growth with the addition of an Airbus A330 the airline announced.
The rumored purchase price is $250 million U.S.
Mr John Mirenge, the chief executive officer of RwandAir, said the aircraft is the first of its kind in East Africa and would boost RwandAir’s capacity to expand its wings globally.
“The new wide body aircraft is the biggest milestone for Africa’s fastest growing airline and opens up opportunities in terms of expanding the airline’s footprint,” he said.
Mr Mirenge said it is a difficult period for the aviation industry in Africa, but added that the company was growing in capacity, numbers and revenue thus taking on new aircrafts.
“Africa is the new frontier of growth and this could be a little storm waiting to pass and we should be able to get back to our feet,” he said.
Mr Mirenge said the fares were yet to come to a level at which they can be afforded by a majority of the East African residents.
Concerning performance, Mr Mirenge said: “As a five-year-old company, we are still in an investment and expansion phase and cannot talk about profitability at the moment when we are still feeling the labour pains.
But we have seen a growth in our numbers to 600,000. This year we are targeting about 750,000 customers,” he said.
This brings the fleet size to nine air crafts with another airbus expected in November.