Cash-strapped Malawi has found a buyer for the luxury jet that had once belonged to late leader Bingu wa Mutharika. A government official said on Wednesday that the presidential jet has been sold for $15 million, raising much need funds for the impoverished African nation.
Mutharika bought the jet in 2009 for $22 million, a purchase that was widely criticized as a waste by many, including Malawi’s main bilateral donor Britain. The country reduced its aid to the African nation by 3 million pounds because of it.
Current leader of Malawi, President Joyce Banda, who took office in April 2012 after Mutharika died of a heart attack, was lauded when she made the decision to put the luxury jet up for sale.