New measures to revive Airzim on cards

As part of the restructuring exercise, Government took over Airzim’s assets and liabilities, while National Handling Services was separated from Airzim.

It was recommended that a financial consultant be engaged to advise shareholders on a viable business plan and organisational structure.
The advisor would also consider possible acquisition of some of the existing equipment deemed necessary by Air Zimbabwe Pvt Ltd.

Also see

• Airzim failed to take advantage: Kaseke

• Airzim faces world ban

• Airzim to resume Harare-Bulawayo flights

• Call to revive Airzim ahead of UNWTO summit

• Airzim secures A320 airbus

 

• Government disbands Airzim

 

• Airzim debt keeps investors at bay

 

In March this year, Minister Goche said Airzim had secured an A320 airbus for leasing as part of reviving the country’s flag carrier.
He said the airbus would be part of Airzim’s regional fleet.

The airline has been facing numerous challenges, which have forced it to suspend services.
The company is riddled with a US$150 million debt.

Of the US$150 million, US$30 million is owed to foreign creditors.