Home Africa Air Namibia cancels all operations amid liquidation rumours - South.Africa.com

Air Namibia cancels all operations amid liquidation rumours – South.Africa.com


Debt-laden Air Namibia cancelled all flights on Thursday and promised to refund customers, ahead of a government news conference on the national carrier’s expected liquidation.

Several local media outlets have reported that the airline is likely to enter liquidation as early as next week.

A finance ministry spokesman said the government would address the media on Thursday to discuss the matter.

In a statement posted on Facebook late on Wednesday, the beleaguered airline said it was cancelling all flight operations and suspending new bookings from Feb. 11.

State-owned broadcaster NBC on Wednesday reported that Air Namibia workers had been informed that they will receive a basic salary for the next 12 months but will not receive any benefits.

Air Namibia, which employs 644 workers, is buckling under a mountain of debt. It has failed to produce financial statements in recent years despite regular state bailouts over the past two decades.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Must Read

Eugene Johnson removed as Nelson Mandela Bay mayor at chaotic council meeting

21 September 2022 - 17:49 By Andisa Bonani ...

EXPLAINED: Why EFF had last say in AfriForum hate speech case

Eusebius on TimeLIVE Advocate Ben Winks and Eusebius...

Irate DA leader quits party during TimesLIVE interview, joins ActionSA

Former DA leader in the Northern Cape, Andrew Louw says he no longer...

Ukraine ambassador to SA says Russia must pay for what it is doing to her country

This year's Independence Day 'the most important in history': Liubov Abravitova ...