Malawi: Banda administration auctions off presidential jet – in keeping with president’s promise

Mutharika controversially acquired the jet for US$22 million in 2009, calling it “an asset” for his impoverished country.

Maintenance and insurance for the aircraft reportedly cost the tax payer US$300,000 a year.

Malawi, though politically stable, is one of Africa’s poorer nations.

Since taking office, Banda has introduced a host of cost-cutting measures and uses commercial airlines to travel outside the country.

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