Uganda Airlines to break even in 2030 – CEO Girma

What the report says

Uganda Airlines could reach break-even by 2030 if it receives the government backing needed to strengthen operations, according to its new chief executive, Girma Wake. The Observer reported that Wake, who previously led Ethiopian Airlines, outlined a turnaround plan built around restoring technical capacity, improving staffing, expanding cargo, and using Entebbe more actively as a regional hub. He said the carrier should become less dependent on government support over time and move toward a more commercially sustainable model.

The airline remains under pressure financially and operationally. Parliament’s Public Accounts Committee said in September 2025 that Uganda Airlines posted a net loss of Shs 237.9 billion in the 2023/24 financial year, even as passenger, cargo and excess-baggage revenues rose. Wake said he found several aircraft grounded when he took over in February, leaving the airline running well below potential capacity. One aircraft has returned to service, another is expected back after engine work, and a wet-leased Ethiopian Airlines plane is helping maintain schedules in the meantime.

Wake said the immediate growth strategy will focus on regional routes in Africa before adding more long-haul services. He cited planned or targeted destinations including Ghana, Kigali, Accra and other African markets, with Entebbe used to connect regional traffic to international flights. He also argued for more domestic connectivity, including smaller aircraft and airports serving tourism areas.

The Observer also reported that Wake wants Uganda Airlines to build its own pipeline of pilots, engineers and technicians, with Soroti Flying School playing a larger role. Separately, the airline recently announced its first direct Boeing order, which is expected to support fleet modernization later in the decade.