Five firms have shown an interest in investing in
Air Zimbabwe (UM, Harare Int'l), company sources have told the Harare-based Business Times newspaper.
Zimbabwe's justice ministry has announced it has appointed an administrator to run
Air Zimbabwe, the company said.
Travel Business Review-October 10, 2018-Zimbabwe appoints administrator to run
Air ZimbabweM2 EQUITYBITES-October 10, 2018-Zimbabwe appoints administrator to run
Air ZimbabweMoreover, five individual airlines also remain on the EU's blacklist: Iran Aseman Airlines (Iran), Iraqi Airways (Iraq), Blue Wing Airlines (Suriname), Med-View Airlines (Nigeria) and
Air Zimbabwe (Zimbabwe).
But the government has on several occasions dismissed the reports saying the airline is wholly government-owned and will replace the troubled national carrier
Air Zimbabwe, which has debts of more than $300 million.
Although purchased via a special purpose vehicle and not yet transferred to the hugely indebted and floundering state-owned
Air Zimbabwe, it is quite astonishing that such a venture would be a priority for a government that recently ran a budget deficit of $1.8bn (11.2% of 2017 GDP).
Whether it is Kenya Airways, South African Airways,
Air Zimbabwe, to mention a few, their troubles can be traced to fraud, patronage and mismanagement.
Presently Al Naboodah Travel & Tourism Agencies represents 11 leading airlines as their official GSA partner in the UAE, which includes Air Canada, Air France,
Air Zimbabwe, Austrian Airlines, Cathay Pacific, GoAir, Japan Airline, LATAM, SaudiGulf Airline, Turkish Airlines, and United Airways.
Presently, Al Naboodah Travel & Tourism Agencies represents 11 leading airlines as their official GSA partner in the UAE, which includes Air Canada, Air France,
Air Zimbabwe, Austrian Airlines, Cathay Pacific, GoAir, Japan Airline, Latam, SaudiGulf Airline, Turkish Airlines, and United Airways.
Air Canada, Turkish Airlines, Air France, Cathay Pacific, Austrian Airlines,
Air Zimbabwe and United Bangladesh, make up the other seven airlines.