BELEAGUERED airline, Air
Namibia, has released a
statement advising that
the recent media reports
circulating about its
insolvency are false.
In September, there was
press speculation that
the airline was in a state
of insolvency. According
to reports, the airline’s
communications manager,
Paul Nakawa, said the
airline was depending
primarily on subsidies from
the Namibian government
and that its economic
challenges outweighed its
contribution to Namibia’s
tourism industry. The
Namibian government was
considering whether to keep
the airline as a state-owned
entity or to offload it to a
private investor, said Paul.
Air Namibia has
responded to the reports
in a statement, saying that
no decision had been taken
by the shareholder, the
Government of the Republic
of Namibia or the board,
to close down the airline.
It also advised that there
was no pending application
for the liquidation of Air
Namibia as had been
reported in the media.
“Air Namibia will continue
to fly as per the published
schedule for the foreseeable
future. The national airline
is receiving assistance from
its shareholder as per the
budgetary provision and
allocation as announced at
the beginning of the current
financial year,” the airline
said.
In cases where the airline
was behind in the payment
of invoices, it had entered
into payment arrangements
with the relevant suppliers,
the airline said in the
statement.
