in Air Transport

Zimbabwe's hard currency shortage is problem for airlines

Posted 10 July 2019 · Add Comment

Zimbabwe has run up debts to African and international airlines of close to $200 million according to IATA.

The industry body said airlines are due about $196 million but remains unpaid because of a shortage of hard currency in the country.

According to IATA's regional vice president for Africa, Muhammad Ali Albakri, the last payment received  was in January, IATA has met with Zimbabwe President Emmerson Mnangagwa and Albakri said a payment plan is being finalised. 

Zimbabwe is struggling with shortages of foreign exchange including the U.S. dollar, which is needed to transfer the proceeds of local ticket sales to airlines, according to news agency Bloomberg.. 

* required field

Post a comment

Other Stories
Advertisement
Latest News

Ninety years since Bastié became the first woman to set an aviation world record

Ninety years ago, on 28 July 1929, the French aviator Maryse Bastié made history when she became the first ever female pilot to set an aviation world record.

Go Comoros Titan is a write-off after fire

Fledgling Indian Ocean airline Go Comoros has suffered the loss it its Cessna 404 Titan following a crash as it departed from Prince Said Ibrahim International Airport on Moroni.

Gulfstream outfits 300th aircraft with Jet ConneX

Gulfstream Aerospace has outfitted an industry-leading 300th aircraft with Jet ConneX, the inflight broadband service.

SAA in search of new leadership team

Johannes Bhekumuzi Magwaza, chairman of South African Airlines,will be leaving the loss-making carrier at the end of the month.

Qatar Airways to launch direct flights to Gaborone

Qatar Airways is to launch a new service to Gaborone, Botswana, starting 27 October 2019. The capital and largest city of Botswana will be the airline’s first destination in the African country.

Jasmin Airways takes to the air

Private Tunisian airline, Jasmin Airways, having made its first flight last month to Sarajevo in Bosnia-Herzegovina is looking at strengthening its hand with its third aircraft being delivered this month.

Aviationgate SK1007101019
See us at
Dubai AS BT2006211119MEBAA BT2006260919