Fly Africa Zimbabwe (Fly Africa) will resume operations next month after an 18-month hiatus following its acquisition by a local company, Mugwagwa Resources, the businessdaily has learnt.
The airline’s executive chairperson Cassidy Mugwagwa said his company had so far invested $6,6 million into the carrier’s operations. Mugwagwa said Fly Africa currently has got access to seven aeroplanes and is locked in negotiations to purchase two more.
The latest development comes as Fly Africa — which was previously 49 percent owned by Mauritius-based Fly Africa Limited — was grounded in 2015 after shareholder squabbles escalated resulting in former majority shareholder, Chakanyuka Karase, voluntarily submitting the carrier’s Airline operator Certificate (AOC) to the Civil Aviation Authority of Zimbabwe (Caaz).
Mugwagwa, however, said the airline had now secured all relevant documentation and regulatory approvals to commence flights. The revamped airline is set to resume its old routes starting with local then venturing into regional flights around August.
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