Cash-strapped Zambia proceeds with presidential jet or

Cash-strapped Zambia proceeds with presidential jet or

Cash-strapped Zambia proceeds with presidential jet or

Despite the country teetering on the brink of bankruptcy, Zambia is to go ahead with the purchase of a new presidential superjet from Russia, according to reports from Moscow.

This comes as holders of Zambia’s Eurobonds rejected on November 13 a request from the Zambian government to defer interest payments, setting the country on a path towards becoming Africa’s first COVID-era sovereign default, Reuters reported.

“While the government regrets that the bondholders did not approve the requests made by Zambia in good faith, we remain committed to finding a consensual and collaborative resolution to debt sustainability issues,” the Zambian government said in a statement.

Meanwhile, Zambia’s ambassador in Moscow, Shadreck Luwita, said that the country was renegotiating the delivery of a SSJ 100/75 ordered from Russia two years ago. The aircraft would replace the current presidential jet, the 17-year-old Bombardier Business Aircraft Challenger 604 9J-ONE (msn 5486).

The new jet was due to have been delivered in 2019. However, due to lack of funding the delivery was rescheduled to 2020 – but then delayed again because of the COVID-19 pandemic.

The diplomat told Sputnik News in Moscow: “The delivery period was rescheduled to this year. Unfortunately, because of the lockdown, the delivery is yet to take place. The delivery period will be worked out.”

Zambia had considered buying an additional four jets, but Luwita said that no new deliveries were being negotiated for the time being, as the country was still awaiting the arrival of the first one.

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COMMENTS

WORDPRESS: 12
  • comment-avatar

    This is good news. Our humble, loving, God fearing and caring President needs good 3 Jets. 2 for himself and 2 for his wives. We need to take care of the President please.

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    Bo MUNYENGE MUNYENGE 2 weeks ago

    The current presidential jet has outlived its life span and there is need to buy a new jet.Imagine this jet has been in use for the past 17years!!!!! it more like wearing one pair of shoes for 17years who does that? Only enemies of progress will say negative things about the purchase of a new jet.

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    Njangwamuloty 2 weeks ago

    This act is tantamount to wanton and absolute stupidity, surely, who in their rightful mind would even consider buys an expensive jet plane when the economy is bankrupt and a nation in debt default? These PF thugs deserve being shot!

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    Bushe Lungu afuma ku planet nshi? Lungu has no capacity to run the affairs of the country, worse being trusted with money. He thinks the money in government coffers it is his and could buy presidential jets like sweets.Uyu muntu Lungu nimpupu icinecine elyo takwata ne nsoni.Ali kunkuma ku bupupu . Time is now fellow zambians to look for a vibrant leader with brains who will redeem this nation from hunger and other national evils created by thieving PF.

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    Kalok 2 weeks ago

    It’s a catch-22 here. You default on the jet you still pay likely with penalties. Wanitwa mos!

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    mamadu 2 weeks ago

    Kuladabwa fye with what is happening. Coz honestly at the pace things are moving, can one think of buying a jet? Lord help us

  • comment-avatar

    It’s so painful to read this news…and am at pains to come ro terms with whatever is going on in the mind of our president. I don’t understand him anymore!

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    Asiseeit 3 weeks ago

    Am wondering what kind of creature Lungu and his minions are. These idiots think buying a jet for an out going president is a priority than buying medicines for hospitals. No wonder abankongole balemoneka ukushupa, bupuba bwakwa Lungu. Even me can’t give reprieve to a bunch of self serving idiots like these fools. Their priorities are totally misplaced. Even a can tell that these band of criminals are in power to please themselves whilst wrecking and stripping the coffers to mere coins. One feels shame to introduce themselves as zambian today because of the shame brought on this nation by thus bunch of fools led by thieving ECL.

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    judy Lumbwe 3 weeks ago

    Zambia , with nkongole, you still want to buy a plane for Lungu, kwena mulifipuba sana. Eurobond mwfilwa, but you want indeke kwena? mwalitipwa

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    No3RdTerm 3 weeks ago

    There’s something seriously wrong with Lungu. Its clear how cold hearted and crooked he is. The country is about to default on its debt repayment, reeling in debt and the first thing on his mind is buy a jet for himself? Again, what’s wrong with Lungu. I suppose for someone who stole his client’s money,  it makes sense that he would think about himself first than millions of Zambians on the brink of starvation. So ashamed to be a Zambian  right now. Let’s find new leaders 

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    Musumali Liyunga 3 weeks ago

    The entire world is laughing at Zambia wondering what kind of Government we have and what type of people we are. No wonder some of us see benefits in seceding from the failed state called Zambia.