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Air Zimbabwe this week published a tender inviting parties interested in investing in the airline to register their interest.
According to Business Day, Zimbabwe President Emmerson Mnangagwa’s government is seeking to privatise and end state funding to loss-making companies.
The airline released a statement, inviting interested parties to invest in it. The carrier is reportedly in debt to the tune of more than US$300 million.
The tender notice states that a bid is not a solicitation for the public to purchase the airline or to subscribe to any shares in Air Zimbabwe.
On a lighter note, the airline has announced plans to acquire more aircraft and open up more routes domestically, regionally and some long haul as well.
Source: tourismupdate.co.za
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November 20, 2018
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