Page 20 - Air Namibia News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Air Namibia liquidation bad for tourism 2021-02-15  As the nation continues to express dismay, as many do not agree with the government’s announcement on the liquidation of Air Namibia, stakeholders in the tourism and hospitality industry feel such a move will adversely affect the lucrative sector, which is one of the biggest contributors to the country’s GDP. Latest statistics indicate that the travel and tourism sector contributed 11% to the GDP in 2020. Environment and tourism spokesperson Romeo Muyunda has described the situation with Air Namibia as sad.  “The airline carried t...

South Africa's privately owned regional airline Airlink will launch a new direct service between Cape Town and Walvis Bay.

Zambia begins crunch IMF talks on debt defaults Zambia saw its external debt bulge to nearly US$12 billion last year. Photo Nampa/Reuters Lusaka - Debt-distressed Zambia began talks last week with the International Monetary Fund (IMF) for a possible bailout loan after it defaulted on two interest payments over the past three months. The Southern African copper producer hopes to navigate a debt crisis and rein in the spill-over effects of the Covid-19 pandemic as it approaches presidential and parliamentary elections due in August. Zambia - which struggled with its debt load even before the C...

Namibia closes state-owned Air Namibia citing big losses | 2021/02/15

An aviation expert, Captain Charles Musenge has advised governnment that now is not the time to relaunch the national airline owing to the coronavirus pandemic negative Impact on the aviation industry among other factors. Captain Musenge said as a result of the pandemic, many airlines such as South African Airways and Namibian Airline are being placed under liquidation while European and American airlines have faced similar closures or their governments having to bail them out using billion of dollars to remain in the sky. Among others, the Air Namibia management announced this week that the ...