Blocked Vodacom merger derails S.African telcos M&A push, analysts say
Air Zimbabwe has just one aeroplane. [Photo: Air Zimbabwe]
Zimbabwe’s embattled national airline is to send some of its staff on indefinite unpaid leave later this month following a drop in revenue caused by global travel restrictions.
Air Zimbabwe, which has just one aeroplane, was already $300m (£237m) in debt before the coronavirus pandemic struck. At the end of March it grounded its flights altogether.
“This decision has been made after evaluating all the available and possible options,” Air Zimbabwe said in a message to staff, according to Bloomberg News.
Air Zimbabwe is quoted by Reuters news agency as saying it will keep a skeleton staff for the time being, and that all empoyees will still receive their April salaries.
Leave a Reply
Be the First to Comment!
You must be logged in to post a comment.
You must be logged in to post a comment.