Air Zimbabwe is struggling to pay back a $370 million to various stakeholders, a situation hampering the national airline’s resuscitation efforts.
The revelation when the parastatal’s reconstruction team appeared before the Parliamentary Portfolio Committee on Transport and Infrastructural Development today.
The airline’s Administrator, Mr Francis Saruchera said the debt overhang is giving them headache, while the Acting Permanent Secretary in the Ministry of Transport and Infrastructural Development, Engineer Kudzanayi Chinyanga said they also need to replace the aged planes with new smaller planes because some of them have been in operation for over 32 years.
“Bigger planes are expensive for shorter distances, hence we need to replace with small ones,” added Engineer Chinyanga.
Chairperson of the Parliamentary Portfolio Committee on Transport and Infrastructural Development, Cde Daniel Garwe said they are ready to listen and recommend on what steps to be taken.
“The Air Zimbabwe situation is not amusing and we as the committee will do anything in our capacity to bring sanity to the airliner,” he said.
Shortage of foreign currency was also cited as the major drawback for the airline, hence the need to attract more tourists to the country.