GOVERNMENT ATTEMPTS TO SAVE AIR ZIMBABWE

Dino D'Amore
By Dino D'Amore July 12, 2011 15:27

GOVERNMENT ATTEMPTS TO SAVE AIR ZIMBABWE

The government of Zimbabwe is fighting to save Air Zimbabwe from total collapse. The airline needs $20 million to keep its aircraft flying, and a further $8 million retrenchment package for workers and other obligations.

Transport, Communications and Infrastructural Development Minister, Nicholas Goche, giving evidence before a Parliamentary Portfolio Committee on Transport, chaired by Kwekwe Central MP, Blessing Chebundo (MDCT), said a technical partner needed be found for Air Zimbabwe.

But, he warned, a major challenge for the airline is that its revenue is less than its overhead costs, making it run a negative balance sheet, which will make it difficult to attract a partner. Nevertheless, he confirmed, that discussions were underway with a possible suitor.

The minister also confirmed that there was no money to buy new aircraft and all the recent talk of the acquisition of new planes were a creation of the media.

Dino D'Amore
By Dino D'Amore July 12, 2011 15:27
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