Zimbabwe’s airport services operator in need of funds to re-capitalise business

Published on : Tuesday, June 30, 2015

Broke Air ZimbabweThe National Handling Services (NHS), Zimbabwe’s airport ground handling services operator, requires at least 5.0 million US dollars to re-capitalise its business in the short to medium term, a senior company official has told Parliament.



The NHS offers aviation ground handling services including cargo, passenger and baggage at airports in Zimbabwe.



Its acting general manager, Godknows Marawanyika, told the Parliamentary Committee on Transport and Infrastructure Development in Harare Monday that NMB Bank, had in February provided NHS 450,000 USD which were being used to buy cargo scanners and other equipment.



“We are certainly not happy with our equipment, the majority of our equipment is old, we are currently in the process of trying to re-capitalise, trying to buy new equipment,” he said. “We are talking to our bankers so that we capitalise the company, we have engaged CBZ and NMB who have expressed interest in supporting us financially.”



Marawanyika said Victoria Falls Airport alone required equipment worth 2.0 million USD in the short term. With the imminent commissioning of Victoria Falls Airport in September, business was poised to increase, hence the need for new equipment there.



Marawanyika said NHS was handling about 90 tonnes of cargo every week from about 15 airlines flying into Zimbabwe. Last year, NHS handled 6,100 flights, with South African Airways flying in 26 times a week, Emirates seven times a week and Air Zimbabwe 64 times a week.



“NHS rakes in about 12 million USD per annum in terms of revenue and has largely been slightly profitable and at times breaking even. We are breaking even, we are not in a loss-making position,” he said.



Marawanyika said the NHS had a staff complement of 300 employees.

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