Staff Reporter – The Zimbabwe Daily
State owned airline, Air Namibia is facing the same fate of liquidation like the South African Airways (SAA).
The state owned airline is in need of US$411 million to help it keep afloat. The airline, which operates two Airbus A330-200 planes, four Airbus A319-100 aircraft and four Embraer ERJ 135 jets, has over US$295 million in debt.
Finance Minister Iipumbu Shiimi said it was important to have a national airline but said Air Namibia’s current model, including its new business plan, is neither sustainable nor affordable.
“More than 7 billion Namibian dollars (US$411 million) is needed in the current financial year alone for the new business plan to be implemented.
This makes it unaffordable as resources are needed for other priorities such as health, education, housing and sanitation, amongst others during these difficult times,” said the Finance Minister.