in Business & Finance

Air Namibia in government bailout talks

Posted 23 September 2020 · Add Comment

Air Namibia has said it is negotiating a state bailout after it reportedly requires USD11.6 million to restart the airline due to the Covid-19 pandemic.

Will Air Namibia restart? Image:  Air Namibia

 

Spokesman Twaku Kayofa told Namibia’s New Era newspaper: “At present, we are still negotiating with the shareholder about new figures, which are not yet finalised. The article is not the final position of the airline, therefore we can’t comment on its contents.”

 

He added: “Our operations have been negatively affected by COVID-19 due to the decrease in travel demand. Furthermore, the continued suspension of our regional and international flights have a detrimental effect on the airline’s already difficult cash flow position. We continue to redefine our strategy for the restart of all operations when borders are reopened eventually, notwithstanding the impact of COVID-19 on global traffic demand.”

 

The airline has so far declined to confirm details of a rescue plan.

 

* required field

Post a comment

Other Stories
Advertisement
Latest News

TIMES Aerospace TV supports SIAA2020

Watch the news round up on TATV with Alan Peaford and Marcelle Nethersole in support of Day 2 of the Safety in African Aviation conference.

Demand for FAI Air Ambulance’s corona transport

FAIs air ambulance division has been operating at maximum capacity to meet the high number of requests for repatriation and medevac flights, including difficult destinations such as South Sudan.

Final day of SIAA2020 virtual conference

Watch the news round-up on TATV with Alan Peaford and Marcelle Nethersole in support of Day 4 of the Safety in African Aviation conference 2020.

EgyptAir signs MoU with Ghana to establish a new airline in Africa

The Egyptian government has signed an MoU with Ghana to become a strategic partner in establishing a new airline affiliated with the Ghanaian government.

SIAA2020 supported by TIMES Aerospace TV

Watch the news round-up on TATV with Alan Peaford and Marcelle Nethersole in support of Day 3 of the Safety in African Aviation conference 2020.

Airlink adds three new destinations in Mozambique

Airlink, the privately-owned regional airline, will enhance its South Africa and Mozambique network with additional scheduled services to Pemba, Vilanculos and Beira in Mozambique.

AMAC SK2907290121
See us at
Aviation Africa 2021CONNECT BT0610090421Aviation MENA 2021