Air Zimbabwe is in take-over talks with China’s largest privately-owned carrier Hainan Airlines. The airline’s board chairman Chen Wenli met with President Robert Mugabe in Beijing yesterday to discuss government plans to give up a substantial shareholding in Air Zimbabwe to save it from collapse.
Wenli said they were studying a proposal put forward by the Zimbabwe government for a take-over, which would waive a legal requirement for at least 51% shareholding to be retained by locals to force a deal through.