Air Namibia business model in spotlight
Air Namibia business model in spotlight

Air Namibia business model in spotlight

Staff Reporter
The embattled Air Namibia has appointed consultants to come up with a more suitable business model that would allow it to break even in the next three years. The announcement was made by public enterprises minister Leon Jooste at a media briefing today. According to Jooste, the consultants completed their first part of the assignment and the matter is now in the hands of the Cabinet Committee on Treasury. “This report has given us a more accurate picture of the various realities surrounding Air Namibia and what may be required to restore the commercial viability of our airline,” Jooste said. “During recent deliberations at the Cabinet Committee on Treasury, the Air Namibia cashflow and associated challenges were discussed. This finally culminated in a meeting of the Cabinet Committee on Overall Policy and Priorities that was held on Wednesday, 5 June 2019. The purpose of the meeting was to discuss the feasibility of Air Namibia and the way forward.” Air Namibia has been hogging the headlines for all the wrong reasons in recent days. Only one of Air Namibia’s four Airbus A319 aircraft is operational at the moment, with the remaining three having been seized in South Africa and Cyprus because of unpaid debts. As a result, the national airline cannot keep up its regional flight schedule. As from 3 June, Air Namibia has suspended all flights between Windhoek and Luanda and reduced the number of daily flights to Johannesburg and Cape Town.

STAFF REPORTER



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Six Nations: France 33 vs 31 England | Ireland 17 vs 13 Scotland | Wales 21 vs 24 Italy Premier League: Brighton 0 vs 0 Manchester City | West Ham 1 vs 1 Aston Villa | Everton 0 vs 0 Liverpool | Fulham 3 vs 0 Tottenham Hotspur | Manchester United 0 vs 0 Sheffield United | Luton Town 1 vs 1 Forest | Wolverhampton Wanderers 0 vs 0 Bournemouth | Crystal Palace 0 vs 0 Newcastle | Burnley 2 vs 1 Brentford | Arsenal 0 vs 0 Chelsea LaLiga: Atletico Madrid 0 vs 3 Barcelona | Rayo Vallecano 2 vs 0 Real Betis | Las Palmas 0 vs 1 Almería | Villarreal 1 vs 0 Valencia | Sevilla 1 vs 2 Celta Vigo | Athletic Club 2 vs 0 Deportivo Alaves | Getafe 1 vs 0 Girona | Osasuna 2 vs 4 Real Madrid | Mallorca 1 vs 0 Granada SerieA: Internazionale 1 vs 1 Napoli | AS Roma 1 vs 0 Sassuolo | Atalanta 0 vs 0 Fiorentina | Hellas Verona 1 vs 3 AC Milan | Juventus 0 vs 0 Genoa | Frosinone 2 vs 3 SS Lazio | Salernitana 0 vs 1 Lecce | Monza 1 vs 0 Cagliari | Udinese 0 vs 2 Torino European Championships Qualifying: Leeds United 2 vs 0 Millwall FC | West Bromwich Albion 2 vs 0 Bristol City | Plymouth Argyle 0 vs 1 Preston North End | Rotherham United 0 vs 0 Huddersfield Town | Stoke City 0 vs 3 Norwich City | Middlesbrough 0 vs 0 Blackburn Rovers | Birmingham City 0 vs 1 Watford | Ipswich Town 6 vs 0 Sheffield Wednesday | Sunderland 0 vs 0 Queens Park Rangers | Swansea City 2 vs 0 Cardiff City FA Cup: Manchester United 4 vs 3 Liverpool | Chelsea 4 vs 2 Leicester City | Manchester City 2 vs 0 Newcastle United | Wolverhampton Wanderers 2 vs 3 Coventry City English Championship: Leeds United 2 vs 0 Millwall FC | West Bromwich Albion 2 vs 0 Bristol City | Plymouth Argyle 0 vs 1 Preston North End | Rotherham United 0 vs 0 Huddersfield Town | Stoke City 0 vs 3 Norwich City | Middlesbrough 0 vs 0 Blackburn Rovers | Birmingham City 0 vs 1 Watford | Ipswich Town 6 vs 0 Sheffield Wednesday | Sunderland 0 vs 0 Queens Park Rangers | Swansea City 2 vs 0 Cardiff City Katima Mulilo: 18° | 37° Rundu: 20° | 38° Eenhana: 20° | 36° Oshakati: 23° | 35° Ruacana: 21° | 36° Tsumeb: 21° | 37° Otjiwarongo: 18° | 35° Omaruru: 20° | 37° Windhoek: 19° | 34° Gobabis: 19° | 36° Henties Bay: 19° | 24° Wind speed: 19km/h, Wind direction: SW, Low tide: 06:31, High tide: 12:45, Low Tide: 18:51, High tide: 01:21 Swakopmund: 17° | 19° Wind speed: 16km/h, Wind direction: W, Low tide: 06:29, High tide: 12:43, Low Tide: 18:49, High tide: 01:19 Walvis Bay: 18° | 26° Wind speed: 22km/h, Wind direction: W, Low tide: 06:29, High tide: 12:42, Low Tide: 18:49, High tide: 01:18 Rehoboth: 18° | 35° Mariental: 24° | 37° Keetmanshoop: 22° | 37° Aranos: 24° | 37° Lüderitz: 24° | 36° Ariamsvlei: 27° | 38° Oranjemund: 17° | 29° Luanda: 27° | 29° Gaborone: 23° | 37° Lubumbashi: 16° | 26° Mbabane: 18° | 22° Maseru: 15° | 33° Antananarivo: 16° | 25° Lilongwe: 17° | 27° Maputo: 23° | 27° Windhoek: 19° | 34° Cape Town: 20° | 27° Durban: 22° | 24° Johannesburg: 18° | 32° Dar es Salaam: 24° | 32° Lusaka: 17° | 28° Harare: 15° | 32° Currency: GBP to NAD 23.97 | EUR to NAD 20.54 | CNY to NAD 2.63 | USD to NAD 18.96 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.34 | EGP to NAD 0.39 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.73 | ZWL to NAD 0.04 | BRL to NAD 3.76 | RUB to NAD 0.21 | INR to NAD 0.23 | USD to DZD 134.31 | USD to AOA 832.63 | USD to BWP 13.71 | USD to EGP 47.15 | USD to KES 132.98 | USD to NGN 1572.01 | USD to ZAR 18.96 | USD to ZMW 25.65 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 72430.44 Down -0.77% | Namibian Stock Exchange (NSX) Overall Index 1504.69 Down -0.83% | Casablanca Stock Exchange (CSE) MASI 13085.63 Up +0.17% | Egyptian Exchange (EGX) 30 Index 29091.29 Down -6.34% | Botswana Stock Exchange (BSE) DCI 9055.2 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 154.72/OZ DOWN -0.0034 | Copper US$ 4.06/lb DOWN -0.0117 | Zinc US$ 2 501.10/T DOWN -1.51% | Brent Crude Oil US$ 86.86/BBP DOWN -0.0022 | Platinum US$ 900.53/OZ DOWN -0.0174 Sport results: Six Nations: France 33 vs 31 England | Ireland 17 vs 13 Scotland | Wales 21 vs 24 Italy Premier League: Brighton 0 vs 0 Manchester City | West Ham 1 vs 1 Aston Villa | Everton 0 vs 0 Liverpool | Fulham 3 vs 0 Tottenham Hotspur | Manchester United 0 vs 0 Sheffield United | Luton Town 1 vs 1 Forest | Wolverhampton Wanderers 0 vs 0 Bournemouth | Crystal Palace 0 vs 0 Newcastle | Burnley 2 vs 1 Brentford | Arsenal 0 vs 0 Chelsea LaLiga: Atletico Madrid 0 vs 3 Barcelona | Rayo Vallecano 2 vs 0 Real Betis | Las Palmas 0 vs 1 Almería | Villarreal 1 vs 0 Valencia | Sevilla 1 vs 2 Celta Vigo | Athletic Club 2 vs 0 Deportivo Alaves | Getafe 1 vs 0 Girona | Osasuna 2 vs 4 Real Madrid | Mallorca 1 vs 0 Granada SerieA: Internazionale 1 vs 1 Napoli | AS Roma 1 vs 0 Sassuolo | Atalanta 0 vs 0 Fiorentina | Hellas Verona 1 vs 3 AC Milan | Juventus 0 vs 0 Genoa | Frosinone 2 vs 3 SS Lazio | Salernitana 0 vs 1 Lecce | Monza 1 vs 0 Cagliari | Udinese 0 vs 2 Torino European Championships Qualifying: Leeds United 2 vs 0 Millwall FC | West Bromwich Albion 2 vs 0 Bristol City | Plymouth Argyle 0 vs 1 Preston North End | Rotherham United 0 vs 0 Huddersfield Town | Stoke City 0 vs 3 Norwich City | Middlesbrough 0 vs 0 Blackburn Rovers | Birmingham City 0 vs 1 Watford | Ipswich Town 6 vs 0 Sheffield Wednesday | Sunderland 0 vs 0 Queens Park Rangers | Swansea City 2 vs 0 Cardiff City FA Cup: Manchester United 4 vs 3 Liverpool | Chelsea 4 vs 2 Leicester City | Manchester City 2 vs 0 Newcastle United | Wolverhampton Wanderers 2 vs 3 Coventry City English Championship: Leeds United 2 vs 0 Millwall FC | West Bromwich Albion 2 vs 0 Bristol City | Plymouth Argyle 0 vs 1 Preston North End | Rotherham United 0 vs 0 Huddersfield Town | Stoke City 0 vs 3 Norwich City | Middlesbrough 0 vs 0 Blackburn Rovers | Birmingham City 0 vs 1 Watford | Ipswich Town 6 vs 0 Sheffield Wednesday | Sunderland 0 vs 0 Queens Park Rangers | Swansea City 2 vs 0 Cardiff City Weather: Katima Mulilo: 18° | 37° Rundu: 20° | 38° Eenhana: 20° | 36° Oshakati: 23° | 35° Ruacana: 21° | 36° Tsumeb: 21° | 37° Otjiwarongo: 18° | 35° Omaruru: 20° | 37° Windhoek: 19° | 34° Gobabis: 19° | 36° Henties Bay: 19° | 24° Wind speed: 19km/h, Wind direction: SW, Low tide: 06:31, High tide: 12:45, Low Tide: 18:51, High tide: 01:21 Swakopmund: 17° | 19° Wind speed: 16km/h, Wind direction: W, Low tide: 06:29, High tide: 12:43, Low Tide: 18:49, High tide: 01:19 Walvis Bay: 18° | 26° Wind speed: 22km/h, Wind direction: W, Low tide: 06:29, High tide: 12:42, Low Tide: 18:49, High tide: 01:18 Rehoboth: 18° | 35° Mariental: 24° | 37° Keetmanshoop: 22° | 37° Aranos: 24° | 37° Lüderitz: 24° | 36° Ariamsvlei: 27° | 38° Oranjemund: 17° | 29° Luanda: 27° | 29° Gaborone: 23° | 37° Lubumbashi: 16° | 26° Mbabane: 18° | 22° Maseru: 15° | 33° Antananarivo: 16° | 25° Lilongwe: 17° | 27° Maputo: 23° | 27° Windhoek: 19° | 34° Cape Town: 20° | 27° Durban: 22° | 24° Johannesburg: 18° | 32° Dar es Salaam: 24° | 32° Lusaka: 17° | 28° Harare: 15° | 32° Economic Indicators: Currency: GBP to NAD 23.97 | EUR to NAD 20.54 | CNY to NAD 2.63 | USD to NAD 18.96 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.34 | EGP to NAD 0.39 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.73 | ZWL to NAD 0.04 | BRL to NAD 3.76 | RUB to NAD 0.21 | INR to NAD 0.23 | USD to DZD 134.31 | USD to AOA 832.63 | USD to BWP 13.71 | USD to EGP 47.15 | USD to KES 132.98 | USD to NGN 1572.01 | USD to ZAR 18.96 | USD to ZMW 25.65 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 72430.44 Down -0.77% | Namibian Stock Exchange (NSX) Overall Index 1504.69 Down -0.83% | Casablanca Stock Exchange (CSE) MASI 13085.63 Up +0.17% | Egyptian Exchange (EGX) 30 Index 29091.29 Down -6.34% | Botswana Stock Exchange (BSE) DCI 9055.2 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 154.72/OZ DOWN -0.0034 | Copper US$ 4.06/lb DOWN -0.0117 | Zinc US$ 2 501.10/T DOWN -1.51% | Brent Crude Oil US$ 86.86/BBP DOWN -0.0022 | Platinum US$ 900.53/OZ DOWN -0.0174