Airline in Uganda

A small, operational airline based in Uganda is for sale. The airline is owned by a group of companies; the transaction will be structured as the sale of this group to a new owner.

Airline Assets:

• A valid Air Operator Certificate (AOC), which requires activation.
• A valid Approved Maintenance Organization (AMO) certificate.
• One airworthy Lockheed L-100 aircraft (the civilian version of the C-130)—currently being deregistered in Papua New Guinea, with the option to be re-registered in Uganda, where it was originally registered. It is in airworthy condition and can conduct commercial flights once the legal re-registration process is complete.
• One airworthy Lockheed L-100 aircraft—currently in the final stages of a C-check at an aviation facility in Malaysia and ready for active service.
• One C-130 aircraft intended for parts—located at the same facility in Malaysia. Ready for teardown to sell parts and components on the market.
• Maintenance facilities in Uganda, Malaysia, and Fujairah (UAE), with a large inventory of spare parts and aviation components.

Financial Status:

• No significant liabilities, financial loans, or long-term/short-term obligations.
• The company’s total accounts payable amount to approximately $3.0 million, primarily consisting of outstanding costs for inspections, warehouse leases in Malaysia, Uganda, and the UAE, as well as unpaid wages for current staff.
• This amount is highly manageable and can be covered by proceeds from ongoing operations.

Legal Structure:

• An operating company that owns all aircraft spare parts.
• An investment company that owns the operating company.
• A company that owns the aircraft and leases them to the operating company.
• A company responsible for licenses, certificates, and registrations.
• A company responsible for warehouses, facilities, and maintenance management.
• Administrative office located in the UAE.

Details will be provided upon the signing of an NCNDA (Non-Disclosure and Non-Circumvention Agreement); negotiations will commence once proof of funds is provided.