debts

HARARE- State owned Air Zimbabwe has been placed under judicial management after its debt rose to $140 million leaving it facing possible liquidation. On Friday, the High Court appointed a judicial manager and barred the Air Zimbabwe board…
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LONDON- An Air Zimbabwe plane impounded in London for more than two weeks over a debt dispute flew home on Sunday after the national carrier settled $1.2 million owed to a US spares company, the airline’s acting chief executive said.
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HARARE — Zimbabwe's government has raised $1.5 million (1.2 million euros) to pay off the national airline's debt and have an impounded airplane released in London, the company chairman said on Thursday.
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