Air Tanzania Company Limited is the flag carrier airline of Tanzania based in Dar es Salaam with its hub at Julius Nyerere International Airport. It was established as Air Tanzania Corporation in 1977 after the dissolution of East African Airways and has been a member of the African Airlines Association since its inception. The airline was wholly owned by the Tanzanian Government until 2002 when it was partially privatised as per the directive of the Bretton Woods Institutions in order to implement the country's Structural Adjustment Program. The government therefore reduced its shareholding to 51% and entered into a partnership with South African Airways.
The partnership lasted for about four years and had accumulated losses of more than Tsh 24 billion. The government repurchased the shares in 2006 and it is once again a wholly owned government company. Over the years, it has served a variety of domestic, regional, and intercontinental destinations. Despite being the national airline, its market share has deteriorated over the years from a modest 19.2% in 2009 to 0.4% in 2011.
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