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Namibia: Air Namibia Wants Over U.S.$680 Million
Namibian, 18 September 2019
AIR Namibia's board has warned the government that the national airline could shut down if it does not get a N$1,6 billion bailout by the end of this month. Read more »
Air Namibia's board has warned the government that the national airline could shut down if it does not get the more than U.S.$680 million needed by the end of September. A detailed letter written by the national airline's former board chairperson Deidré Sauls-Deckenbrock, emphasises that the parastatal needs the money to resolve its dispute with Belgium company, Challenge Air, after losing a court battle four years ago leaving them with a bill of more than U.S.$20 million.
Air Namibia plane (file photo).
Air Namibia has suspended all flights to Luanda, while flights from Windhoek to Johannesburg have been scaled down to one per day from the usual three per day due to an ongoing ... Read more »
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