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Home » ACZ pushes for new aviation fund reforms
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ACZ pushes for new aviation fund reforms

written by Almot Maqolo, Staff Writer 0 comments
ACZ is under severe financial distress, with debts amounting to US$453,6 million, negative equity and a net current liability position on its balance sheet.
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THE Airports Company of Zimbabwe (ACZ) says the Aviation Infrastructure Development Fund (AIDEF) is struggling to serve its purpose due to sub-economic tariffs, which also limit its capacity to meet loan repayments.The AIDF is a levy added to air travel tickets to fund infrastructure development and maintenance of airports in Zimbabwe.A further complication arises from…

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