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Mugabe Airways, Air Zimbabwe to merge?

by Staff reporter
09 Jul 2018 at 18:30hrs | Views
GOVERNMENT is now considering merging Air Zimbabwe (AirZim) and Zimbabwe Airways, Business Times reported.

Aviation sources who spoke to the publication said delays and hurdles in making ZimAirways a fully operational entity had made government consider merging the two entities.

"There has been communication between the Ministry of Finance and Transport ministry to merge the two airlines. But for now they must regularize Zimbabwe Airways first in terms of the Public Finance Act through the Office of the Auditor General and Accountant General," a source told the publication.

Transport minister Joram Gumbo confirmed the development.

Government bought four Boeing 777-200 planes from Malaysia Airlines through their sole agent PricewaterhouseCoopers Kuala Lumpur for its special purpose vehicle called Zimbabwe Aviation Leasing Company which would in turn lease out the aircraft to Zim Airways.

Source - online

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