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