Zimbabwe to lease 15 planes from Malaysia to save ailing national carrier

Air Zimbabwe is reeling under a $330m debt

Transport and Infrastructure Minister Joram Gumbo on Monday told state-run Herald  newspaper that the new planes were going to be bought through a public-private partnership.

"The Civil Aviation Authority is on the verge of acquiring 15 new air planes from Malaysia under a lease agreement. The deal was penned between government and a private company DIDG, a consortium of business partners from the diaspora," he said.

Gumbo said that the agreement would be renewed every five years.

Air Zimbabwe is reeling under a $330m debt with two of its aircraft impounded by creditors at the United Kingdom’s Gatwick Airport and OR International Airport in South Africa in 2011.

The national airline's problems have paved way to more than 10 regional and international carriers which have been plying to the route Harare since 2010.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.

Eyewitness? Submit your stories now via social or:

Email: news@pulselive.co.ke

Recommended articles

Top 10 happiest countries in Africa in 2022

Top 10 happiest countries in Africa in 2022

9 most expensive African countries to rent a one bedroom apartment, based on property price to income ratio

9 most expensive African countries to rent a one bedroom apartment, based on property price to income ratio

Africa’s richest man Aliko Dangote poised to overtake another Russian billionaire Vladimir Lisin on Bloomberg billionaires list

Africa’s richest man Aliko Dangote poised to overtake another Russian billionaire Vladimir Lisin on Bloomberg billionaires list

These 6 countries have the highest unemployment rates in Africa

These 6 countries have the highest unemployment rates in Africa

Here are the top 10 cities in Africa where the most rich people live

Here are the top 10 cities in Africa where the most rich people live

Mzee Kibor's will made public, revealing how vast wealth and millions will be distributed

Mzee Kibor's will made public, revealing how vast wealth and millions will be distributed

Ini Edo posts new photos amid reports of welcoming a baby through surrogacy

Ini Edo posts new photos amid reports of welcoming a baby through surrogacy

Referee behind chaos at AFCON was rushed to hospital after match

Referee behind chaos at AFCON was rushed to hospital after match

Eddie Butita speaks on his fallout with Miss Mandi, offers her a job

Eddie Butita speaks on his fallout with Miss Mandi, offers her a job