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Zimbabwe: Two More Airzim Bosses Arrested
The Herald, 14 February 2014
Suspended Air Zimbabwe (Private) Limited chief executive Innocent Mavhunga (53) and his predecessor Peter Chikumba have been arrested on fraud allegations. On Wednesday, company… Read more »
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Zimbabwe: Police Arrest Airzim Boss
The Herald, 13 February 2014
Air Zimbabwe Private Limited company secretary Grace Nyaradzo Pfumbidzayi has been arrested on six counts of fraud and one of criminal abuse of duty as a public officer for… Read more »
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Zimbabwe: Police Alerted to Airzim Graft Last Year
The Herald, 12 February 2014
Police received a criminal report on the alleged multi-million US-dollar fraud at Air Zimbabwe Private Limited in December last year and officials at the State enterprise are… Read more »
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Zimbabwe: Airzim Boss Found Guilty
The Herald, 11 February 2014
Air Zimbabwe (Private) Limited company secretary Mrs Grace Pfumbidzayi has been found guilty of defrauding the airline of 5 175 593 and US$1 204 670 in an aviation insurance scam.… Read more »
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Zimbabwe: Troubled Airzim Owes Creditors U.S.$232 Million
Zimbabwe Independent, 7 February 2014
AIR Zimbabwe (AirZim), rocked by an insurance scam which prejudiced the national flag carrier of more than US$10 million looted over a five year-period by its senior managers and… Read more »
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Zimbabwe: Airzim Needs U.S $50 Million Injection
The Herald, 10 February 2014
AIR Zimbabwe needs an emergency cash injection in excess of US$50 million which would prevent the ailing national airline from collapse, a senior official said. Read more »
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Zimbabwe: How Airzim Millions Were Looted
The Herald, 29 January 2014
Revelations that around US$10 million was looted from Air Zimbabwe by senior management there and Navistar Insurance Brokers have opened the lid on the poor state of public… Read more »
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Zimbabwe: Airzim Bigwigs Fleece Millions
The Herald, 27 January 2014
Air Zimbabwe (Private) Limited was prejudiced of €5 895 695,49 and US$1 298 827,88 - totalling around US$10 million - in a four-year aviation insurance scam involving top… Read more »
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Zimbabwe: AirZim to Float U.S.$50 Million Aero Bond
The Herald, 9 December 2013
Air Zimbabwe intends to raise US$50 million through the issue of a local aero bond in order to fund its working capital and to pay of its crippling debt. Read more »
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Zimbabwe: Airzim Rot Exposed
Financial Gazette, 26 September 2013
FRESH details of the leadership crisis at Air Zimbabwe (AirZim) have emerged, with forensic auditors exposing possible manipulation of aviation insurance policies by past and… Read more »
