Zimbabwe will this month receive two Boeing 777s from Malaysia as part of a deal to buy four of the jetliners and a further eight Embraer aircraft in a bid to turn around the fortunes of the southern African country’s ailing state-owned airline.
The government will retain ownership of the used aircraft from Malaysia Airlines and lease them to a state-owned company to be named Zimbabwe Airlines, as the state-owned Air Zimbabwe “develops a credible business plan,” Finance Minister Patrick Chinamasa told reporters in the capital, Harare.
Air Zimbabwe has debts of about $330 million and was banned from operating in the European Union in May last year on safety concerns.
more recommended stories
Passion for alcohol 1.3 million Rands spent on booze
Speculation is rife, that the self.
Zimbabwe Activist Makomborero Haruzivishe Granted $20,000 After Spending 9 Months in Jail
Opposition Movement for Democratic Change Alliance.
Schools in Zimbabwe closed indefinitely; Covid or teachers strike?
There is confusion and growing speculation.
Hero Sirizani Butau Rescues 8 people from burning bus
A Kadoma man named as Sirizani.
Fifa warns Zimbabwe about ban on eve of tournament
World governing body Fifa says a.
White Zimbabweans say Gemma has no fixation with black men
With all the drama resulting from.
Zimbabwe: New lockdown measures announced
The lockdown at Level Two would.
Zimbabwe requests to swap Cecil Rhodes remains for Mbuya Nehanda
President Mnangagwa of Zimbabwe has called.