Air Malawi, the southern African nation’s state-owned carrier, needs 1.8 billion kwacha ($12.8 million) to continue operating as a viable business, said Chief Executive Officer Wisdom Mchungula.
The airline has debts amounting to 1.1 billion kwacha and its operations are being curtailed by the government’s reluctance to guarantee bank loans, Mchungula told lawmakers yesterday in [...]