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Air Zimbabwe - ZimAirways merger talks collapse

by Staff reporter
16 Nov 2018 at 07:01hrs | Views
Merger talks between flag carrier Air Zimbabwe (AirZim) and the dodgy Zimbabwe Airways (ZimAirways) to create a merged state-run airline have collapsed after a nominee shareholder demanded to be paid US$2 million from government, it has emerged.

Government announced last month that plans were underway to merge the two airlines under a new strategy aimed at revitalising the country’s moribund aviation industry.

However, sources said the plans went up in smoke after Harare lawyer Phillipa Phillips, who is listed as a ZimAirways director, wrote to the Transport Ministry informing that the merger would not proceed unless she is paid US$2 million for the shares she held in the corruption-ridden carrier.

Source - Zim Ind