Home | World | Africa | Air Zimbabwe resuscitation begins
VIDEO: President Robert Mugabe Dozes Off at State Function While Wife Humiliates Presidential Spokesperson
Details of Gen Tongogara's death emerge, Muchinguri breaks down

Air Zimbabwe resuscitation begins





The resuscitation of Air Zimbabwe has started in earnest following the commencement of work by a Government appointed administrator to superintend over the national airline's revival, a Cabinet Minister has said.

Transport and Infrastructural Development Minister Joel Biggie Matiza said Government had appointed Mr Reggie Saruchera of Grant Thornton Chartered Accountants as an administrator to revive Air Zimbabwe in terms of Reconstruction of State Indebted and Insolvency Companies Act.

"The administrator has now started his work at Air Zimbabwe in fulfilment of his mandate. He was given six months within which to find ways to turn around the national airline. He has to identify what needs to be done and we will be working closely with him as Government," said Minister Matiza in an interview.

He said part of the mandate given to the administrator was to explore ways to restructure both domestic and external debts for Air Zimbabwe through engagement of creditors. The national airline is saddled with legacy debts of over $334 million from both domestic and external creditors.

CLICK HERE TO READ MORE FROM: Africa Visit website



Loading...

view more articles

About Article Author

Chuka (Webby) Aniemeka
Chuka (Webby) Aniemeka

Chuka is an experienced certified web developer with an extensive background in computer science and 18+ years in web design &development. His previous experience ranges from redesigning existing website to solving complex technical problems with object-oriented programming. Very experienced with Microsoft SQL Server, PHP and advanced JavaScript. He loves to travel and watch movies.

View More Articles

100 Most Popular News

1 2 Displaying 1 - 100 of 125