Lease agreement for B777 still under way: Air Zimbabwe


AIR ZIMBABWE on Monday said the Boeing B777 is yet to be leased as negotiations with potential clients are still underway.

Air Zimbabwe spokesperson Firstme Vhitori told Zim Morning Post that  the leasing process was still ongoing and that the board was yet reach an agreement with anyone.

“The engagement process is still ongoing and official details will be availed in due course,” she said.

Vhitori said the lessee would determine the route to be taken by Boeing B777.

As per contract, the lessee would also provide their cabin crew.

“Once a lease agreement is signed, the route schedule will now be entirely up to the lessee for the duration of the lease,” she added.

“The proposal of a dry lease does not require a flight or cabin crew; that will be provided for by the lessee.”

A typical dry lease situation calls on the commercial airline to  lease out its aircraft to a willing lessee for a drawn period.

While the legal ownership of the aircraft is the prerogative of the leasing company, the lessee operates the aircraft with its own crew.

Air Zimbabwe has lagged behind as a strong competitor in the aviation sector in Africa due to a plethora of problems that have gripped it for decades.

According to some aviation experts, Air Zimbabwe’s latest buy is ideal for intercontinental flights and is expected to contribute significantly towards the growth of the national airline and spur business opportunities for the country, especially in the tourism sector.

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