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Aircraft and finance: Air Zimbabwe is looking for investors
Harare, Zimbabwe - The debts of the African State flag carrier amount to USD 298 million
Like the other carriers managed usually by the State, Air Zimbabwe (AZ) has suffered huge economic losses due to poor management, the high costs, and an old equipment. The debts amount to USD 298 million, not counting the need for cash to pay the wages, the taxes and the other debts owed to foreign investors. Another reason of the bad state of the airline, is that it lost many pilots and technicians...
AVIONEWS - World Aeronautical Press Agency - 1166938
AVIONEWS - World Aeronautical Press Agency
AVIONEWS - World Aeronautical Press Agency