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Zimbabwe invites bids for struggling national airline Air Zimbabwe

Staff Writer | November 12, 2018
Zimbabwe has invited bids for the state-owned airline as President Emmerson Mnangagwa’s government pushes ahead with a drive to privatize and end state funding to loss-making firms, Air Zimbabwe’s administrator said on Monday.
Air Zimbabwe
Africa   Air Zimbabwe
Air Zimbabwe, which owes foreign and domestic creditors more than $300 million, was in October placed into administration to try and revive its fortunes.

The troubled airline is among dozens of state-owned firms, known locally as parastatals, that are set to be partially or fully privatized in the next 9 months as the government seeks to cut its fiscal deficit seen at 11 percent of GDP this year.

Air Zimbabwe administrator Reggie Saruchera said in a notice published in newspapers on Monday that potential investors should make their bids before Nov. 23 after paying a non-refundable deposit of $20,000.


 

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