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Qantas Stops Selling Tickets in Zimbabwe Amid Cash Shortage

  • Australian airline tells travel agents not to sell flights
  • Zimbabwe suffering shortage of banknotes in liquidity squeeze
relates to Qantas Stops Selling Tickets in Zimbabwe Amid Cash Shortage
Photographer: Jack Atley/Bloomberg
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Qantas Airways Ltd. told travel agents in Zimbabwe to stop selling tickets for its flights after the International Air Transport Association warned it’s getting harder to move funds out of the country, according to a circular sent by the Australian airline to agencies and seen by Bloomberg.

The carrier is owed a “substantial” amount by Bank Settlement Plan Zimbabwe, the system that IATA uses to transfer local ticket revenue to airlines, according to the circular from Michi Messner, Qantas’s regional manager for Africa. “We’ve been advised by IATA that the situation with the repatriation of funds out of Zimbabwe is worsening,” she wrote.