Zimbabwe buys four Boeing 777 aircraft from Malaysia Airlines

Zimbabwe will this month receive two Boeing 777s from Malaysia as part of a deal to buy four of the jetliners and a further eight Embraer aircraft in a bid to turn around the fortunes of the southern African country’s ailing state-owned airline. The government will retain ownership of the used aircraft from Malaysia Airlines and lease them to a state-owned company to be named Zimbabwe Airlines, as the state-owned Air Zimbabwe “develops a credible business plan,” Finance Minister Patrick Chinamasa told reporters in the capital, Harare. Air Zimbabwe has debts of about $330m and was banned from operating in the EU in May last year on safety concerns.<br/>
Bloomberg
https://www.bloomberg.com/news/articles/2018-04-11/zimbabwe-buys-four-boeing-777-aircraft-from-malaysia-airlines
4/11/18