Zimbabwean businessman Wicknell Chivayo, his wife die in helicopter crash

Precision Air’s Sh51bn bailout appeal to State

Turbulent times: Precision Air has sought the government’s intervention in the wake of a severe cash crunch that is threatening to ground the airline. PHOTO | FILE

What you need to know:

  • The debt ballooned because the anticipated cash flow after the company listed on the Dar es Salaam Stock Exchange in 2011 did not materialise.

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