Three cabinet ministers say they are surprised that Air Zimbabwe will return to the skies next month before it gets a strategic partner as recommended by the government after it grounded the airline last December due to a crippling debt of $100 million.
The ministers, who declined to be named, estimated the airline will need capital investment of at least $500 million to resume domestic, regional and international flights.
The cabinet ministers also said they have not been officially informed by Transport Minister Nicholas Goche that Air Zimbabwe had acquired two Airbus planes and is in the process of resuming domestic and regional flights though it still owes some creditors and workers millions of dollars.
American General Supplies seized one of Air Zimbabwe’s planes last December at Gatwick International Airport in an attempt to recover a $1.5 million debt.
State Enterprises Minister Gorden Moyo tells Studio 7 that the cabinet is expected to table discussions on restructuring Air Zimbabwe and other parastatals next Monday.
"A cabinet committee has so far discussed a report compiled by Ernest and Young which was subcontracted by government to analyze the challenges and opportunities surrounding Air Zimbabwe ... We have made our own recommendations to be presented to cabinet," said Moyo.