Air Namibia is quickly running out of runway. Without the backing of the government, it will have to find some other source of funding to keep moving forward. With passenger revenues remaining low and foreign investors likely feeling skittish about investing in the airline, there may be few other options. Air Namibia is a government-owned airline. And, like other government-owned flag carriers, it has been struggling. Air India, Alitalia, South African Airways, Thai Airways, and others are just a few examples of struggling national airlines with somewhat diminishing importance.
A niche carrier, Air Namibia is serving domestic points within Namibia, the immediate regional markets of South Africa, Zimbabwe, Angola, Zambia and Botswana. The airline also serves the entire European network through Frankfurt. Within its fleet arectwo wide-bodied Airbus A330s for the sole purpose of a daily link between Frankfurt and Windhoek, the Namibian capital, is ludicrously extravagant and added to the company’s losses in recent years.
SOURCE: THE INDEPENDENT
More Stories
Re-entry of Higher Capacity Aircraft on African Routes Shows Recovery of Hard Hit Travel Sector
For the First Time, Jumia May have to Worry about its Liquidity Position
The Pros and Cons of South Africa’s Tourism Marketing Strategy
Can Southern African States Move Further Up the Lithium Value Chain?
Dutch Energy Producer Eyes Africa Expansion
Libya’s Oil Ministry has Rejected the $8bn Offshore Gas Projects Deal
Zimbabwe’s Leader is Seeking Investment for a New National Capital
South African Poultry Farmers in Dire Straits
Travel Marketplace for Immersive Experiences Matching Tourists with Verified African Curators
Africa’s Only All-Female Solar Panel Assembly Plant Launched in Cape Town
Pope Francis Condemns “Economic Colonialism” as He Arrives in the DRC
Encouraging Signs that Corruption is being Successfully Tackled in Parts of Africa