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Enterprises), Engineer Simba Mangwengwende (Zesa) and Stansilaus Mangoma (Indutsry and Commerce).
Said Minister Goche: “At its fifth 2012 meeting, Cabinet approved the recommendations of its ad hoc committee on Air Zimbabwe in respect of Air Zimbabwe Holdings Private Limited.
“The recommendations, which Cabinet approved were that NHS be hived off Air Zimbabwe Holdings Pvt Ltd, while Government takes over Air Zimbabwe Holdings’ assets, liabilities, contracts and employees.
“With respect to debts, these will be ring-fenced by Government pending legal processes of dismantling Air Zimbabwe Holdings Pvt Ltd.”
Minister Goche said Air Zimbabwe Holdings’ assets and liabilities will be evaluated in relation to the airline’s debts and other crucial considera-tions.
He said a financial consultant will be engaged to advise the shareholders on a viable business plan and organisational structure.
Minister Goche said the advisor will also consider possible acquisition of some of the existing equipment deemed necessary by Air Zimbabwe Pvt Ltd.
“A lot of investors have approached us, including some airlines, with a view of forming partnerships. The committee of officials dealing with the resuscitation of the national airline will look into these offers and see which one is suitable,” he said.
After consulting with the financial advisor, Minister Goche said the new airline will launch its service using leased aircraft starting with domestic routes after which regional and international routes will follow.
Air Zimbabwe Holdings has been facing numerous challenges, which had forced it to suspend its services.
At one point an Air Zimbabwe plane was impounded in London by an American company over US$1 million debt.
Online Reporter