Debt scuttles Air Zimbabwe plans

Debt scuttles Air Zimbabwe plans
Published: 28 January 2014
State-owned national carrier Air Zimbabwe reportedly failed to resume flights to London last November amid reports that are airline has a $3 million outstanding debt for airport, navigation fees and catering expenses.

Source close to the developments said plans by the resurgent airline to fly to Gatwick were scuttled after the airline failed to settle its ballooning debts.

The airline according to the sources owes $1.5 million to French firm Asecna for navigation while the remaining $1.5 million was owed to British Airport Authority for landing and parking fees.

BAA owns Gatwick Airport where the airlines fly to.

The airline sources said has plans to buy a new aircraft as it looks too other markets to grow business.
- newsday
Tags: AirZimbabwe, Debt,

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