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*4 Air Zimbabwe Planes Repossessed And Resold - Report*

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ZimLive reports that Malaysian Airlines has repossessed four planes which had been sold to Zimbabwe Airways, the ill-fated Air Zimbabwe proxy.

Two of the planes, bearing registration 9M-MRL and 9M-MRM are in the United States, in Kansas in the state of Missouri.

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The other two, 9M-MRQ and 9M-MRP, only conducted test flights in 2017 and remain in Malaysia.

According to ZimLive sources, the planes’ repossession has resulted in massive losses to Zimbabwe. Said the source:

> Here’s how aviation purchases are structured. One, you have the seller; two you have the buyer; three you have the seller’s bank; four you have the buyer’s bank and five you have the owner.

> In the case of these four planes, Zimbabwe negotiated directly with the seller only to be referred to number three (seller’s bank).

> Once the Zimbabwe government made a payment for two planes that you see branded and made a commitment for the other two, they were then removed from the sales portal.

> But months down the line the Zimbabweans failed to collect what they had paid for. They failed to pay the balance after the commitment fees.

> The government of Zimbabwe wanted the planes delivered to Harare, I’m not sure what changed. What has happened though is that the planes were eventually all repossessed.

*Related:*

*Govt To Merge Air Zimbabwe with Zimbabwe Airways*

More: ZimLive.com

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