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Browsing: Airports Company South Africa (ACSA)
South Africa’s state-run airports’ management company grounded Zimbabwe’s debt-strapped national airline from using the country’s airports over the unpaid landing and parking fees.
Air Zimbabwe’s debts to foreign and domestic creditors have reached more than $300 million. Last year, the government of Zimbabwe put the airline under administration and later invited bids from potential investors as it seeks to privatise it.
Airports Company South Africa (ACSA) grounded Air Zimbabwe’s only international destination said the airline had failed to pay passenger service charges, landing and parking fees and an undisclosed amount towards clearing its arrears.
Officials of the airline also confirmed that the aircraft was held at Johannesburg’s Oliver Tambo International Airport on Wednesday.
In a statement by ACSA the company said Air Zimbabwe had not adhered to the cash basis terms for using its airports and the suspension would remain until outstanding amounts are settled.