Govt backs Air Zimbabwe reconstruction plan

Govt backs Air Zimbabwe reconstruction plan
Published: 28 November 2018 (3566 Views)
The government has backed a reconstruction plan for the national airline, Air Zimbabwe, after a creditors meeting on Thursday ruled out possibilities of liquidating the parastatal.

For an airline that is saddled with a $380 million debt, old equipment, failure to generate profit and subdued passenger and cargo volumes, all has not been well for the national airline.

The government instituted a reconstruction plan in September and Principal Director for Rail and Air in the Ministry of Transport and Infrastructural Development Mr Allowance Sango says restoration of confidence is the key target.

"There is no going back, we want to get back to full business and facilitate growth for key sectors," said Mr Sango.

To creditors, getting back their dues or money is a key cause for concern.

"We just want to get back the funds otherwise we do not need anything else apart from that," said a representative of the creditors.

The state-owned airline's administrator Mr Reggie Saruchera revealed plans are in progress to attract potential investors.

"We are just about to get the right and suitable partners to get everything on a proper course," Mr Saruchera said.

Creditors of the airline met with the administrator this Thursday to focus on modalities for the airline's revival.

- ZBC

 0

You May Like These Videos

Comments

There are no comments.

Latest stories

List of Zimbabwean celebrities who became politicians

by Mandla Ndlovu | 22 April 2019 | 31 Views

NSSA pensioners are 'dying a little each day'

by Tondo | 22 April 2019 | 25 Views

The Gukurahundi Solution

by The Gukurahundi Solution | 22 April 2019 | 24 Views

Is there the biblical 'Lot's wife' among us?

by Tondorindo | 22 April 2019 | 27 Views

Just enjoying our Katuruturu as it is now Zituruturu

by MuHwisiry Chaiyeiye | 22 April 2019 | 25 Views

'Army now fed up with civilians' Jonathan Moyo says

by Mandla Ndlovu | 22 April 2019 | 41 Views

WATCH: Apostle Vutabwashe blasts Mnangagwa's government

by Mandla Ndlovu | 22 April 2019 | 93 Views

Analysts defend Tinashe Kachingwe

by Mandla Ndlovu | 22 April 2019 | 52 Views

'Corruption and cronyism worrying Mnangagwa' ZANU PF MP says

by Mandla Ndlovu | 22 April 2019 | 70 Views

ZANU PF launches 10 000 youths to fight for a mine?

by Mandla Ndlovu | 22 April 2019 | 81 Views

Cyclone Idai victims resist tent homes

by Staff reporter | 22 April 2019 | 53 Views

Price controls the only way to go, says Mutodi

by Staff reporter | 22 April 2019 | 48 Views

Chamisa faces VPs Dilemma

by Staff reporter | 22 April 2019 | 55 Views

Cyclone Idai donations 'looting' soldiers freed

by Staff reporter | 22 April 2019 | 46 Views

Churches taking anti-sanctions crusade to opposition parties

by Staff reporter | 22 April 2019 | 42 Views

Registrar of Deeds dragged to court

by Staff reporter | 22 April 2019 | 45 Views

Chamisa urged to back Mwonzora's bid

by Staff reporter | 22 April 2019 | 44 Views

Bosso, Dembare beaten again

by Staff reporter | 22 April 2019 | 49 Views

Minister fouls Mnangagwa's plans fouled by Owen Ncube

by Staff reporter | 22 April 2019 | 56 Views

Tsvangirai turning in his grave, says daughter

by Staff reporter | 22 April 2019 | 46 Views

Mnangagwa pleads with Diasporans

by Staff reporter | 22 April 2019 | 46 Views

Chamisa unveils Mwonzora, Mudzuri rescue plan

by Staff reporter | 22 April 2019 | 42 Views

11 dead in kombi, Honda fit head-on accident

by Staff reporter | 22 April 2019 | 55 Views

War vets slam bread price hike

by Staff reporter | 22 April 2019 | 108 Views

Charumbira calls for truce in boundary row

by Staff reporter | 22 April 2019 | 87 Views

Mnangagwa hopeful on economy

by Staff reporter | 22 April 2019 | 101 Views

Revolution is the great teacher

by Reason Wafawarova | 22 April 2019 | 81 Views

Econet raises RTGS$479 287 for Idai relief through EcoCash

by Staff reporter | 22 April 2019 | 70 Views

Chief Mvuthu's family in fresh wrangle

by Staff reporter | 22 April 2019 | 72 Views

'Mnangagwa to crack whip on errand businesses'

by Staff reporter | 22 April 2019 | 72 Views

Artisanal miner shot dead

by Staff reporter | 22 April 2019 | 75 Views

'Zimbabwe public finances in bad shape'

by Staff reporter | 22 April 2019 | 41 Views

It's time for South Africa to rethink the economy

by Tapiwa Gomo | 22 April 2019 | 66 Views

'Mnangagwa won't take Zimbabwe anywhere'

by Staff reporter | 22 April 2019 | 74 Views

Military rifle recovered from poachers

by Staff reporter | 22 April 2019 | 74 Views

MDC led council not going back on tariff increase

by Staff reporter | 22 April 2019 | 64 Views