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Air Zimbabwe set to pay debt

Air Zimbabwe set to pay debt

Mugabe is a frequent flier on Air Zimbabwe
Air Zimbabwe has secured funds to pay its debt to the International Air Transport Association (IATA), an official has said.
The airline’s chief executive, Rambanai Chingwena, said arrangements are under way for the remission of the money due to IATA.

The national carrier was suspended from the association over a debt of $1.3m for tickets booked with other airlines.

IATA, acts as a clearing house between players in the aviation industry.

Chaos

Mr Chingwena said the airline’s membership of IATA remains intact.

Last year, foreign airports threatened to impound Air Zimbabwe’s equipment if it did not pay outstanding fees.

The country’s economy has been in freefall in recent years, with inflation at 600% and shortages in foreign currency.

http://news.bbc.co.uk/1/hi/world/africa/3466603.stm

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By: Bmused55 - 9th February 2004 at 11:18

Originally posted by steve rowell
Mugabe must be from around Yorkshire way, say his name backwards

eh’ by gum lad, your right

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By: steve rowell - 9th February 2004 at 10:50

Mugabe must be from around Yorkshire way, say his name backwards

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By: Bmused55 - 9th February 2004 at 10:20

Originally posted by KabirT
well now it sounds better after you edited it.;)

Yeah, I hit submit instead of preview :rolleyes:

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By: KabirT - 9th February 2004 at 10:17

Originally posted by Bmused55
Don’t want to be political either, just pointing out fact.

well now it sounds better after you edited it.;)

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By: Bmused55 - 9th February 2004 at 10:11

Originally posted by KabirT
Lets just stick to Air Zimbabwe on this thread and not take the political line shall we?:)

Don’t want to be political either, just pointing out fact.

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By: KabirT - 9th February 2004 at 10:02

Lets just stick to Air Zimbabwe on this thread and not take the political line shall we?:)

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By: Bmused55 - 9th February 2004 at 10:01

I see this news as a light at the end of the tunnel. I sincerely hope this helps Air Zimbabwe get back on top of things. Who knows, this could even pre empt a fleet renual. what your vote folks, Airbus or boeing LOL! (j/k)

However I feel, the Mugabe regime may not do much for the Airlines prospects. By that I mean there is a lot of political unrest with Zimbabwe, and Air Zimbabwe might find it hard to prosper.

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By: KabirT - 9th February 2004 at 09:58

good to see they are trying to fix things in place. But i doubt under the curent scenario Air Zimbabwe will see any light from the horizon.

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