December 14th, 2011
An air Zimbabwe Boeing 767-200 known as Victoria Falls was impounded at London's Gatwick International Airport on Monday after not paying its debts to American General Supplies, The Zimbabwean reports.
According to the article: "American General Suppliers secured a court injunction in the US that gave them the power to impound the aircraft over US$ 1, 2 million debts, according to a source on Monday."
This incident follows shortly after the seizure of one of the airline's smaller aircraft last week by South African company Bid Air Services two weeks ago over $500 000 ground handling services.
The Global Post reports that the airline is scrambling to gather the funds, because it is losing more money by having an aircraft out of service.
Air Zimbabwe was once considered one of Africa's best airlines, but has seen a steady decline as successive years of mismanagement and lack of funding have had a crippling effect.