AirZim needs right­siz­ing: CEO

Chronicle (Zimbabwe) - - Business - Wal­ter Muchin­guri Harare Bu­reau

THERE is need to right size the na­tional air­line, Air Zim­babwe, to ex­pe­dite its turn­around and to en­hance its chances of land­ing a tech­ni­cal part­ner, the air­line’s Chief Ex­ec­u­tive Of­fi­cer, Cap­tain Rip­ton Muzenda, has said.

Speak­ing on the side­lines of the African Air­lines Association An­nual Gen­eral As­sem­bly, Cap­tain Muzenda said that the cur­rent struc­ture does not match the busi­ness be­ing gen­er­ated by the air­line.

“We are op­er­at­ing with a struc­ture that is de­signed for a big­ger air­line and we need to ad­just the busi­ness to match cur­rent op­er­a­tions,” he said.

He said that this was par­tic­u­larly im­por­tant if the air­line is to en­ter­tain any hope of find­ing a suitor.

“We need to make our­selves at­trac­tive be­fore we want to en­gage any suit­ors,” he said.

Capt Muzenda said that they are cur­rently in talks with dif­fer­ent air­lines.

“We are talk­ing to a num­ber of air­lines but for them to come in we need to right­size,” he said.

Air Zim­babwe has been scout­ing for a tech­ni­cal part­ner to help it re­cap­i­talise and boost the busi­ness.

The air­line re­quires new air­craft to help it ser­vice lo­cal re­gional and in­ter­na­tional routes as the cur­rent equip­ment is now old and no longer eco­nom­i­cal to op­er­ate on the cur­rent des­ti­na­tions.

Air Zim­babwe has been us­ing its 767 and 737 air­craft to ser­vice lo­cal routes which are not com­pat­i­ble with the num­bers on the routes.

Govern­ment has been ac­tively as­sist­ing the air­line to se­cure a strate­gic part­ner and has al­ready taken over the air­line’s debt as well as ap­proved the en­gage­ment of pos­si­ble part­ners.

In a speech read on his be­half by Deputy Min­is­ter Michael Madanha, Trans­port and In­fra­struc­ture De­vel­op­ment Min­is­ter Dr Jo­ram Gumbo said that Govern­ment was do­ing all it can to help the air­line’s turn­around.

“As Govern­ment were are sup­port­ing the na­tional air­line within the lim­its of the re­sources avail­able to us so that it con­tin­ues to play a strate­gic role.

“In pur­suit of this goal, the Govern­ment of Zim­babwe ap­proved the en­gage­ment of a strate­gic part­ner in an ef­fort to re­cap­i­talise Air Zim­babwe and the process is now un­der­way,” he said.

Newspapers in English

Newspapers from Zimbabwe

© PressReader. All rights reserved.