Malawi gets $15 million at auction for expensive, controversial jet – UPI.com

Malawi gets  million at auction for expensive, controversial jet - UPI.com

LILONGWE, Malawi, May 22 (UPI) — Malawi President Joyce Banda met the first point on her austerity plan, selling the presidential jet for $15 million, officials said.

The winning bid for the 14-passenger French-made Dassault Falcon 900-EX aircraft was made by Bohnox Enterprise Limited of Virgin Islands, which paid $5 million less than the plane’s market value, set by the United States at $20 million, Newstime Africa of London reported.

Banda said she had determined commercial airlines would meet her official globe-trotting needs, Newstime Africa reported Wednesday.

The government of former President Bingu wa Mutharika bought the plane in 2009 for $22 million, prompting negative reactions in Malawi and abroad. Critics inside the country called for the plane to be sold because it cost taxpayers approximately $300,000 in insurance and maintenance, and the purchase prompted Britain to cut its aid to the poor county, Newstime Africa reported.

Banda in Lilongwe had asked a special cabinet committee to determine the best way to dispose of the jet. The committee said it would be less expensive to sell the plane than to lease it, the newspaper said.

via Malawi gets $15 million at auction for expensive, controversial jet – UPI.com.

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