Source: Air Zimbabwe rebrands, acquires 4 Boeing 777-200 planes – NewsDay Zimbabwe June 26, 2017
CASH-STRAPPED Air Zimbabwe has reportedly rebranded to Zimbabwe Airways after concluding a long-term lease deal, which will result in the delivery of four modern Boeing 777-200 planes from Malaysia Airlines, NewsDay has learned.
BY PAIDAMOYO MUZULU
Pictures of the rebranded Zimbabwe Airways planes went viral on social media platforms yesterday.
The deal, according to sources at Air Zimbabwe, was signed by newly-appointed chief operating officer, Simba Chikore, as part of a fresh drive to beef up the national carrier’s fleet and increase its routes.
The national airline had reduced to domestic routes using the much-maligned Chinese made MA-60, an ageing 767-200 and refurbished Airbus A320.
“The project is being spearheaded by chief operating officer Chikore as the company forges ahead with restructuring. The planes, Boeing 777-200ER, are 12 years old Malaysian Airlines ex-fleet and four of them are expected soon,” the insider said.
Transport minister Joram Gumbo has in the past few weeks travelled to the Far East to negotiate and seal the deal.
Gumbo yesterday said he was out of Harare and had not yet been briefed on the development.
“I am outside of Harare at the moment. The board has not yet briefed me on that, check with the board,” he said.
AirZim board chairperson Chipo Dyanda was not reachable on her mobile phones and had not responded to text messages sent to her phone.
Gumbo has, in the past, urged the State to take over the airline’s $300 million debt to give it a clean start possibly under a new name.
The airline has over the past few years retrenched over 400 workers, but there were reports that it was still top-heavy and further cuts were imminent.
In the past four months, the airline had to rely on chartered planes to fly President Robert Mugabe on his international trips and routine medical check-ups in the Far East.
The European Union last month banned Air Zimbabwe from flying into the bloc, saying that their obsolete planes were now a security risk.
COMMENTS
So, Malaysia Airlines is ditching its planes, known for disappearing mid-flight in the sea and Zimbabwe Airlines finds value in them?
Phewwwww! Simba Chikoore, unokwira wega.
You still need to maintain them – lame duck thinking – damage was done years ago – close up shop or call it Air Peril – take a risk!
As the saying goes…..”a pig with lipstick….is still a pig”.
This is how an aircraft leasing contract takes place: Malaysian Airlines leases 4 widebody aircraft for $100000 each per month to a company registered in Dubai called Chikore Aircraft Leasing Company. Chikore Aircraft Leasing Company (Dubai) gets a contract from Zimbabwe Govt t/a Zimbabwe Airways to lease it 4 widebody aircraft for $200000 per aircraft per month. That, dear folks, is how it works. How long it will actually work for is anybody’s guess.
The problem at Air Zimbabwe or Zimbabwe Airways is not the planes but political management. You can change the planes and names but under this regime nothing will come out.
Air today, gone tomorrow. They’ll soon be occupying some hanger on a full-time basis, undergoing ‘repairs’.
This is a very good deal for Zimbabwe Airways. Holidays industry is becoming so important and the 4 B777 will booste the arrival from most of the long haul point. Also used Harare as and important hub. Zimbabwe is well situated for a two central holiday for the Indian ocean island that is safari and seaside.