Air Zimbabwe has been placed under judicial management and may face possible liquidation.
This follows an application, which was filed by the National Airways Workers Union and Air Transport Union and granted by the Zimbabwe High Court.
The unions are demanding compensation of US$35 million in arrear salary payments dating back to 2009.
The High Court has since appointed a judicial manager and barred the Air Zimbabwe board from any involvement with the company.
The New Zimbabwe reports that Air Zimbabwe is battling a US$140 million debt pile including obligations to the Zimbabwe Revenue Authority (ZIMRA), National Social Security Authority (NSSA) as well as the workers’ medical aid and pension schemes.
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