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Aircraft may be impounded

    NAIROBI

    Air Zimbabwe may have several aircraft impounded by overseas creditors who are owed about US $4 million while the airline is now technically insolvent to about US $1.5 billion, media reports said.

    According to the reports, a team investigating the airline’s operations has blamed the problem on the current management team’s failure to work together as well as splits in Air Zimbabwe’s board due to different backgrounds and corporate exposure.

    The committee also reportedly stated that the airline was surviving due mainly to sales of advance tickets and bank overdrafts, and has recommended a full inquiry into the procurement of goods and services and spare parts at the carrier.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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