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

UAE Space Agency and Algerian Space Agency strengthen ties

The UAE Space Agency has signed a Memorandum of Understanding with its Algerian counterpart the Algerian Space Agency.

Boeing reports first-quarter results

The Boeing Company reported higher first-quarter earnings and operating cash flow compared to the previous year, driven by solid execution on production programmes and services.

Botswana terminal takes next step towards 2020 vision

The Government of Botswana says the construction of a temporary terminal building at Maun International Airport will be completed in May this year, although the rest of the infrastructure expansion project is due to be completed in

A new way to Scout out web booking

An innovative new charter sales platform, Jet Scout, has been introduced to the African and Middle East market. Vincent Chappard finds out why it is receiving a positive reaction.

Travelport and Nesma Airlines announce new long-term agreement

Travelport and Nesma Airlines have announced the signing of a new, multi-year, full content agreement.

SAA and Hawaiian Airlines launch new interline partnership

South African Airways (SAA) and Hawaiian Airlines have established a new interline agreement, that provides new and convenient flight options for both SAA and Hawaiian customers travelling between the Hawaiian Islands and Southern

EBACE17 SK0103240517
See us at
Aviation Festival BT25114617EBACE17 BT0103240517GroundHandling BT0303280917