AfricaAviation News

Zimbabwe: Foreign Airlines Hit Hard By Currency Crisis

Zimbabwe: Foreign Airlines Hit Hard By Currency Crisis

INTERNATIONAL airlines have been caught up in Zimbabwe’s foreign payments gridlock and are failing to repatriate close to US$30 million locked in domestic banks, the Financial Gazette’s Companies & Markets (C&M) can report. The crisis has forced the International Air Transport Association (IATA) to dispatch its top executives into the country for make or break meetings…

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INTERNATIONAL airlines have been caught up in Zimbabwe’s foreign payments gridlock and are failing to repatriate close to US$30 million locked in domestic banks, the Financial Gazette’s Companies & Markets (C&M) can report. The crisis has forced the International Air Transport Association (IATA) to dispatch its top executives into the country for make or break meetings…


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