SAS23 From , joined Dec 1969, posts, RR: Posted (12 years 4 months 2 weeks 12 hours ago) and read 1263 times:
Mugabe's jet threat
ZIMBABWE may lose half the aircraft in its national airline - which would further hamper President Robert Mugabe and wife Grace's already limited travel plans.
The government has failed to pay debts of $28-million (about R300-million) to a US bank and it has now received, according to the Times of London, a final demand to settle the bill for two Boeing 767 aircraft, failing which the jets will be seized.
This would leave Air Zimbabwe with just three Boeing 737s it uses on regional routes. "Smart" sanctions by the European Union have already cut off Mugabe, his wife and high-ranking Zanu-PF officials from many of their favourite destinations.
Air Zimbabwe executives would not say how they intend to pay the cash, outstanding since December 2000. The Times did, however, suggest Mugabe may approach Libyan leader Colonel Muammar Gaddafi for assistance.
Billy From United Kingdom, joined Jul 2000, 895 posts, RR: 7
Reply 2, posted (12 years 4 months 2 weeks 7 hours ago) and read 1201 times:
Zim has been paying for its Libyan oil using Zim dollars. The Libyans have been on a bit of a spending spree in Harare, as that is all they can use the fmoney for. It would not surprise me if the Libyans paid for the outstanding debt and got paid back in local currency.