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Zimbabwe’s state-owned airline OK Zimbabwe entered corporate rescue on Feb. 24, 2026, due to a $25M loss and severe financial distress.
OK Zimbabwe has entered corporate rescue proceedings on 24 February 2026 after a US$25 million net loss and over 52% revenue drop in the year ending March 2025.
The company, facing severe liquidity issues, store closures, and declining consumer demand, filed for rescue under Zimbabwe’s Insolvency Act, appointing Bulisa Philimon Mbano as practitioner.
Trading in its shares was suspended by the ZSE amid investor confidence decline and failed funding plans.
The move aims to restructure operations and prevent liquidation.
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La aerolínea estatal de Zimbabue, OK Zimbabwe, entró en el rescate corporativo el 24 de febrero de 2026, debido a una pérdida de $ 25M y graves dificultades financieras.