in Air Transport

Zimbabwe failing to find technical partner for ailing carrier

Posted 27 March 2017 · Add Comment

The Zimbabwean government is continuing with the hunt for a technical partner for ailing flag-carrier Air Zimbabwe after holding failed negotiations with all the nine companies which have expressed interest in the last three years, reports Oscar Nkala

In an interview with a Harare-based weekly paper, Transport and Infrastructure Development Minister Jorum Gumbo said failed negotiations had been held with companies that include Ethiopian Airlines, Angolan Airlines, Boeing (US) and Emirates.

“We have nine companies that we have spoken with. Many investors want to come. Many people have approached us, but no one is bringing anything concrete,” Gumbo said.

Analysts believe the airline's failure to attract partners stems from the bad state of the Zimbabwean economy and its own accumulated debt burden of $334 million.

According to independent estimates, Air Zimbabwe needs at least $1 billion to replenish its fleet with new aircraft as well as service its domestic and foreign debts.

The ballooning debt arose from an accumulation of unpaid navigation, landing and handling fees as well as fuel supplies, salary arrears and rental costs.

The airline's precarious financial position has been worsened by the high operational and maintenance costs for its aged fleet of two Boeing 767s, one Boeing 737 and one Chinese made Xian Modern Ark (MA-60). The airline also operates a single Airbus A320 leased from Angolan company Sonangol.

Apart from the grounding of most of the fleet due to breakdowns, the tight liquidity crisis gripping the country has further complicated Air Zimbabwe's efforts to get foreign currency for the procurement of spares parts and periodic C-Checks to determine the air-worthiness of its aircraft. 

* required field

Post a comment

Other Stories
Advertisement
Latest News

Garmin introduces the GFC 600H helicopter flight control system

Garmin has launched the GFCTM 600H flight control system for helicopter owners and operators – a breakthrough in cost-effective technology that reduces pilot workload and improves mission effectiveness.

IATA: Sub-Saharan Africa continued to make strong progress on safety

The International Air Transport Association (IATA) released data for the 2017 safety performance of the commercial airline industry showing continued strong improvements in safety.

Ethiopian becomes Africa’s first A350 full-flight simulator operator

Ethiopian Airlines has achieved yet another milestone, becoming the first A350 XWB Simulator Operator in Africa and among the few in the world.

Swaziland seeks to diversify network through subsidised ops

Following the collapse of the Swazi Airways venture before it ever even launched flights, the Swazi government is now courting South African carriers over their interest in connecting Manzini King Mswati III Int'l to various cities

Algerian minister confirms bids submitted re cargo market tender

Algerian Minister of Public Works and Transport, Abdelghani Zaalane, has confirmed that four bids have been submitted to government regarding the proposed liberalisation of the country's air cargo market, reports ch-aviation.

AHRLAC based Bronco II launched

The newly created company Bronco Combat Systems (BCS) USA, announced today the launch of the Bronco II aircraft, which is based on Paramount Group's AHRLAC aircraft (Advanced High-Performance Reconnaissance Light Aircraft).

Aviation Africa SK18418
See us at
Aviation Africa BT18418Global Aerospace BT010518