The government has finally conceded Air Zimbabwe is in such a mess it would be very difficult to find takers even if the parastatal were to go on sale.
Transport and Infrastructural Development minister Nicholas Goche also acknowledged on Thursday it would be a tall order for the government to revive the country’s ailing national airline.
Goche told journalists after a tour of the rehabilitated airport runway and taxiway that problems affecting the national airline were making it difficult to attract new investors to inject capital into Air Zimbabwe.
“The Air Zimbabwe balance sheet is very bad and not attractive to anyone. The revenue generated by the company does not match the overheads. The company has excess labour force and can’t break even,” said Goche.
Goche dismissed rumours the airline had acquired new aircraft saying that information only existed in the media.
“That talk exists in the media. I as the shareholder am not aware of anything along those lines.”