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Zambezi Airline Closes Again
The Zambezi Airlines has closed its operations, sources have disclosed.
According to sources in the company, the airline was closed on 19 October 2012 due to serious liquidity problems.
The shareholders are currently looking for equity partners to help them run the airline.
So far there are discussions with Sorenta Aviation of South Africa which is seemingly interested.
However, the sources say that these investors are concerned with the current large workforce of 100.
Sorenta reportedly operates a fleet of five planes (5) with a workforce of 36.
For the partnership to work, they have therefore advised Zambezi to reduce the manpower to 36 for the Zambia office.
Because of lacking money to pay new retrenchees and others that were retrenched in 2011, Zambezi has decided to close for a while to scout for resources.
The airline is expected to open in January 2013.
Meanwhile, the sources reveal that Zambezi sought to borrow from one of the Zambian based Nigerian banks, but the loan application was declined.
In the last closure bailiffs seized assets from creditors to cover their losses.
Airline officials were not picking their phones for clarification.
Posted by
Mangani L
November 14, 2012 at 1:48 pm
Why reduce labour to 36 employees? If Sontra has no resources to pay our people better they stay away than giving wrong decision.
conman
November 14, 2012 at 2:12 pm
rushing to comment. its not Sontra but Soranta iwe makaka number one. if your belly is paining from the tute you ve had over lunch wait for two hours before opening your beak
Mukelebai
November 14, 2012 at 2:21 pm
@conman..chakubaba…he got it first…why insult…iwe makaka…lol
MUNYELO PWETE!
November 14, 2012 at 2:37 pm
@ Conman
Mune leka ulubuli, its too hot to engage in such rib aching comments!
Zambian
November 14, 2012 at 2:46 pm
Zambezi airline owners should just close the company completely and try a different line of business. Running an airline is serious business, and needs substantial investment. You can’t earn trust and confidence of the travelling public if you keep closing and re-opening your airline like that. There’s consistency, and so you can not be relied upon.
gayman
November 14, 2012 at 2:52 pm
mwe bantu bakwa Lesa, when will we have our own national airline?
shoko
November 14, 2012 at 4:02 pm
conman you have made my day
Sparks Chimbwendembwende
November 14, 2012 at 4:31 pm
The legs of these ladies are so thin like match sticks!!!
James
November 14, 2012 at 4:46 pm
Is this airline not yabene fred mmembe?
Chichi
November 14, 2012 at 7:39 pm
Ukutemwa amolu iwe .. sparks.
MT
November 15, 2012 at 12:19 am
Sad to hear that Zambezi Airline is closed running an airline is too much work and the risks are too huge a market like Zambia makes it even worse.
Chikali
November 15, 2012 at 5:57 am
Zambezi airline yabena RB.
d-rac
November 15, 2012 at 8:56 am
Zambezi should just stick to local flights and not international.I had the worst experience with that flight when i was leaving zambia goin to asia and it was my flight from zambia to SA.Zambezi was scheduled for 6hrs morning flight but delayed me we started off at 9,imaging how inconveniencing they are,i could have missed my emirates flight from south africa
RealMan
November 15, 2012 at 5:31 pm
Running an airline is business. So, if u get yr facts upside down, then u close. It’s business intelligence defects. How are other airlines surviving? These chaps aren’t cut fr business. They do not know where to tap.