Air Nam open to change
Air Nam open to change

Air Nam open to change

Air Namibia is following a business plan approved by its line ministry, the airline's spokesman says.
Ogone Tlhage
Air Namibia is not opposed to a change to its operations should it be required, according to its spokesperson, Paul Nakawa.

This follows a recent remark by minister of public enterprises, Leon Jooste, that a change in the modus operandi of the national airline might be necessary to curb losses.

According to Nakawa, Air Namibia would follow the government's wishes.

“It all depends on the wish of the owner of the airline and what it is they want to achieve. At the moment we have a business plan adopted as per shareholder approval, in terms of which capacity in the form of aircraft lease commitments, maintenance and crew capabilities were sourced.

“These commitments include the Frankfurt route, and are continuing and will not go away unless contracted periods are fulfilled,” he said.

Nakawa also stressed that Air Namibia was following a business plan approved by its line ministry.

“We are operating in terms of the approved business plan. The approved business plan is linked to ensuring that tourism as well as exports and imports are promoted. These are very strategic sectors of the economy and it would be a huge risk if one places such a critical element that drives the economy in foreign hands,” he added.

Nakawa said that Air Namibia's existence helped propel the growth of the tourism industry.

“Airlines normally attract traffic to their home countries through destination marketing, which is what Air Namibia has been doing over the years, started off with two or three flights per week to now daily. Tourism from the domestic and regional markets is very small in relation to the spin-offs from the long-haul European market,” he said.

Jooste said at a recent public engagement that it would become necessary to change Air Namibia's business model. According to him, there were no indications that the national flag carrier would be making any profits soon and that it was necessary to curb the losses the airline was making.

He made the comments following news that German airline Lufthansa might resume flights between Windhoek and Frankfurt.

“The chances of Air Namibia making a profit are very limited. What we are [also] saying is that the cost of running Air Namibia must be a lot less.

“We are looking at all underperforming public entities. We are looking at all restructuring options. We should be less sensitive and less guarded about these things,” Jooste said at a University of Namibia lecture.

He added that introducing a new business model did not seem far-fetched but did not present much detail. “Redesigning the Air Namibia model is definitely a possibility,” said Jooste.

OGONE TLHAGE

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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$ 2 310.13/OZ DOWN -0.0111 | Copper US$ 4.54/lb DOWN -0.0012 | Zinc US$ 2 858.10/T DOWN -3.56% | Brent Crude Oil US$ 87.16/BBP DOWN -0.0137 | Platinum US$ 940.05/OZ UP +3.03% Sport results: Premier League: Nottingham Forest 0 vs 2 Manchester City | Bournemouth 3 vs 0 Brighton | Tottenham Hotspur 2 vs 3 Arsenal | Aston Villa 2 vs 2 Chelsea | Everton 1 vs 0 Brentford | Wolves 2 vs 1 Luton Town | Fulham 1 vs 1 Crystal Palace | Manchester United 1 vs 1 Burnley | Newcastle 5 vs 1 Sheffield United | West Ham 2 vs 2 Liverpool LaLiga: Barcelona 4 vs 2 Valencia | Real Betis 1 vs 1 Sevilla | Villarreal 3 vs 0 Rayo Vallecano | Granada 3 vs 0 Osasuna | Cadiz 1 vs 1 Mallorca | Atletico Madrid 3 vs 1 Athletic Club | Deportivo Alaves 3 vs 0 Celta Vigo | Almería 1 vs 3 Getafe | Las Palmas 0 vs 2 Girona SerieA: Genoa 3 vs 0 Cagliari | Fiorentina 5 vs 1 Sassuolo | Napoli 2 vs 2 AS Roma | Atalanta 2 vs 0 Empoli | Bologna 1 vs 1 Udinese | Inter Milan 2 vs 0 Torino | SS Lazio 1 vs 0 Hellas Verona | Juventus 0 vs 0 AC Milan | Lecce 1 vs 1 Monza European Championships Qualifying: Preston North End 0 vs 3 Leicester City | Hull City 3 vs 3 Ipswich Town | Millwall FC 1 vs 0 Plymouth Argyle | Blackburn Rovers 0 vs 0 Coventry City | Watford 1 vs 0 Sunderland | Bristol City 2 vs 0 Rotherham United | Huddersfield Town 1 vs 1 Birmingham City | Sheffield Wednesday 3 vs 0 West Bromwich Albion | Norwich City 2 vs 2 Swansea City | Cardiff City 1 vs 4 Middlesbrough | Southampton 0 vs 1 Stoke City English Championship: Preston North End 0 vs 3 Leicester City | Hull City 3 vs 3 Ipswich Town | Millwall FC 1 vs 0 Plymouth Argyle | Blackburn Rovers 0 vs 0 Coventry City | Watford 1 vs 0 Sunderland | Bristol City 2 vs 0 Rotherham United | Huddersfield Town 1 vs 1 Birmingham City | Sheffield Wednesday 3 vs 0 West Bromwich Albion | Norwich City 2 vs 2 Swansea City | Cardiff City 1 vs 4 Middlesbrough | Southampton 0 vs 1 Stoke City Weather: Katima Mulilo: 13° | 33° Rundu: 13° | 32° Eenhana: 14° | 33° Oshakati: 16° | 32° Ruacana: 15° | 33° Tsumeb: 16° | 31° Otjiwarongo: 15° | 29° Omaruru: 16° | 31° Windhoek: 15° | 28° Gobabis: 16° | 29° Henties Bay: 17° | 30° Wind speed: 21km/h, Wind direction: S, Low tide: 13:33, High tide: 07:25, Low Tide: 02:00, High tide: 20:21 Swakopmund: 16° | 22° Wind speed: 23km/h, Wind direction: SW, Low tide: 13:31, High tide: 07:23, Low Tide: 02:00, High tide: 20:19 Walvis Bay: 19° | 30° Wind speed: 28km/h, Wind direction: SW, Low tide: 13:31, High tide: 07:22, Low Tide: 02:00, High tide: 20:18 Rehoboth: 16° | 29° Mariental: 20° | 32° Keetmanshoop: 21° | 32° Aranos: 18° | 31° Lüderitz: 18° | 33° Ariamsvlei: 18° | 32° Oranjemund: 15° | 32° Luanda: 26° | 29° Gaborone: 18° | 31° Lubumbashi: 12° | 26° Mbabane: 16° | 30° Maseru: 11° | 26° Antananarivo: 13° | 24° Lilongwe: 16° | 29° Maputo: 18° | 33° Windhoek: 15° | 28° Cape Town: 14° | 21° Durban: 19° | 26° Johannesburg: 16° | 26° Dar es Salaam: 24° | 31° Lusaka: 16° | 28° Harare: 13° | 28° Economic Indicators: Currency: GBP to NAD 23.44 | EUR to NAD 20.06 | CNY to NAD 2.59 | USD to NAD 18.74 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.31 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.69 | ZWL to NAD 0.04 | BRL to NAD 3.64 | RUB to NAD 0.2 | INR to NAD 0.22 | USD to DZD 134.04 | USD to AOA 834.06 | USD to BWP 13.69 | USD to EGP 47.84 | USD to KES 134.48 | USD to NGN 1389 | USD to ZAR 18.75 | USD to ZMW 26.75 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 76456.15 Up +1.44% | Namibian Stock Exchange (NSX) Overall Index 1707.28 Up +2.04% | Casablanca Stock Exchange (CSE) MASI 13373.9 Up +0.14% | Egyptian Exchange (EGX) 30 Index 26011.28 Up +5.57% | Botswana Stock Exchange (BSE) DCI 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$ 2 310.13/OZ DOWN -0.0111 | Copper US$ 4.54/lb DOWN -0.0012 | Zinc US$ 2 858.10/T DOWN -3.56% | Brent Crude Oil US$ 87.16/BBP DOWN -0.0137 | Platinum US$ 940.05/OZ UP +3.03%