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HomeAviationAir Zim asks for a US$190 million cash injection

Air Zim asks for a US$190 million cash injection

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Zimbabwe’s national flag carrier, Air Zimbabwe is pleading for a $190 million capital injection from its sole shareholder, government, to fund its revival.

According to Bulawayo24, the airline is “saddled with a dept overhang of over $300 million”, and the state-run airline has an ambitious plan to acquire several planes, lease some and retire its debts.

According to a 2018-2019 strategic turnaround document exclusively, AirZim intends to procure three Brazilian assembled 50-seater Embraer jetliners, suitable for domestic and short regional routes, on an urgent basis.

The airline might expend $6 million for the budget planes, at an estimated cost of $2 million each.

Jeanette Briedenhann
Jeanette Briedenhann
Jeanette Phillips joined the team in 2016. She developed a passion and love for all things-travel related in her role as travel journalist, a position she held for over seven years. A brief exodus into the corporate marketing sphere proved that there is no better industry than the travel industry. Research and writing are two of Jeanette’s greatest passions, but she is always open to new challenges and different ways of doing things.

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