Treasury to pay $4m monthly to settle airlines debt

The Ministry of Finance and Economic Development has made an undertaking to pay $4 million monthly to foreign airlines who were currently owed $150 million, NewsDay has established.

Foreign airlines flying into the country have not been able to repatriate ticket sales due to the acute shortage of United States dollars, and were cumulatively owed $150 million.

Some had threatened to pull out of the country, prompting Tourism and Environment minister Priscah Mupfumira to meet with Treasury at the weekend for a solution.

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