UPDATE 1-Air Namibia goes into voluntary liquidation
By Reuters Staff (Recasts with government liquidation, adds quote) WINDHOEK, Feb 11 (Reuters) - Debt-laden Air Namibia, which cancelled all flights earlier on Thursday, has been placed into voluntary liquidation, Finance Minister Iipumbu Shiimi said, calling the state-owned airline “unsustainable”. Government said it had considered all other options, which included potential investment from other airlines and turnaround strategies, before it decided to file for liquidation. “The country’s economy, can no longer afford to perpetually provide financial support to Air Namibia at the expe...
Source: reuters.com