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*Full Text: Government Statement On Acquisition Of Aircraft For Zimbabwe Airways*

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> JOINT PRESS STATEMENT ON THE ACQUISITION OF AIRCRAFTS

> 1. In October 2016, Al Zimbabwe approached the State Procurement Board (SPB) to seek authority for the purchase of 4 x Boeing 777 second-hand aircrafts(sic) from Malaysia.

> 2. In November 2016, the SPB under BPR 1067B, approved Air Zimbabwe’s request to purchase the four Boeing 777 planes from Malaysia.

> 3. Government, through the Ministry of Finance and Economic Development, took a decision to secure funding for the procurement of the four planes together with the eight Embraer aircrafts (sic) which would be used as feeder planes.

> 4. To date, Government has arranged funding to procure 2 x Boeing 777 planes and one Ambraer (sic) plane under a Special Purpose Vehicle called the Zimbabwe Aviation Leasing Company. The 2 X Boeing 777 planes will be delivered on Wednesday, 11 March 2018 (sic).

> 5. Government also took a decision to lease the planes to third parties up to such a time as Air Zimbabwe develops a credible business plan to run the planes on a sustainable profitable basis.

> 6. Accordingly, Government decided to lease the planes to a new aircraft firm called Zimbabwe Airways which has already put in place credible plans for the said planes.

> Hon P.A. Chinamasa, MP
Minister of Finance and Economic Development

> Hon Dr J.M Gumbo, MP
Minister of Transport and Infrastructural Development

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