AIR MALAWI APPEALS FOR FUNDING

MALAWI’s national airline has appealed for urgent World Bank funding after admitting its attempts at restructuring have failed. Malawi’s Privatisation Commission said in a statement on Tuesday that World Bank funding is essential to keep Air Malawi operational until the airline is either sold off or a joint venture investor can be found. Commissioner executive director Dye Mawindo described the airline’s status as “dire” but said he is confident the right investor can turn it around.