Published on : Wednesday, November 1, 2017
Robert Mugabe, 93, and his family are “beneficial shareholders” in the new company. The airline’s holding company is reported to be registered in tax haven Mauritius.
The report has been impossible to substantiate, and Transport Minister Joram Gumbo told that the First Family – whose wealth and lavish spending are often a source of speculation in a country mired in economic crisis – is not in any way linked to the new airline.
The names of beneficial shareholders do not appear in company records.
Robert Mugabe’s son-in-law, Simba Chikore played a key role in setting up the new firm, which would be given licenses to fly to London and the Far East.
Chikore is currently the chief operating officer at Air Zimbabwe, the state-owned airline.
The company is burdened with more than $300 million debt and has been barred from flying to the EU. There is conjecture that setting up a new airline may be a way of sidestepping the debt.
The reports say Zimbabwe Airways is set to lease planes from Malaysia Airlines.
This new venture created an agitation among the opponent political team. Jacob Mafume of the opposition Peoples’ Democratic Party said that the law of the land does not allow a president, who is in the head of the state to use his official position for personal gain.