Air Namibia wants its wings unclipped
Air Namibia wants its wings unclipped

Air Namibia wants its wings unclipped

Ogone Tlhage
OGONE TLHAGE

WINDHOEK



Air Namibia has written to the Transport Commission of Namibia, demanding to know why the national carrier's air services licence has been temporarily suspended.

The airline wanted a response from the commission by 17:00 yesterday.

Air Namibia spokesperson Paul Nakawa said they have all the necessary certifications needed to fly in and out of the country.

The transport commission announced on Monday that it had already resolved to suspend Air Namibia's air services licence last November because of concerns about the airline's financial situation.



Failed audit

“The commission had, apart from its concern about Air Namibia's financial situation, also become aware of a failed International Air Transport Association (IATA) operational safety audit, and therefore addressed this matter with you in a correspondence,” the commission said in a letter to the national carrier.

The commission also referenced comments made by President Hage Geingob in his State of the Nation Address that intimated that Air Namibia may be liquidated. An airline insider said there were perceptions that Westair was being favoured, to the detriment of Air Namibia.

The transport commission also mentioned that Air Namibia has admitted it was insolvent and, despite a cash injection of between 50 and 60% of the N$8 billion required to implement its business plan, this would not solve the airline's problems.



Jooste denies Westair favouritism

Public enterprises minister Leon Jooste denied speculation yesterday that Air Namibia was being sacrificed in favour of rival airline, Westair.



Westair launched passenger services in June, directly competing with Air Namibia. The airline flies to Ondangwa, Oranjemund and Cape Town and uses the Eros airport as a hub.

Jooste said his ministry was aware of the speculation around Westair.

“The speculation that Air Namibia is being sacrificed to position Westair for the future is known to us, but is entirely unfounded and we can only assume that the speculation is driven by individuals with agendas only known to them. The reality is exactly the opposite, as the current, struggling airline (Air Namibia) is in fact providing fertile ground for competitors to gain traction,” he said.



Cash flow woes

In October 2019, Air Namibia was forced to cut operating costs to the bone after treasury refused it a N$2 billion bailout, and the airline warned in November that it may be forced to shut down its operations if it did not receive a rescue package.

The situation has been exacerbated by the Covid-19 lockdown and travel restrictions, which saw the airline freeze operations for about two months.

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Namibian Sun 2024-03-28

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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$ 2 219.48/OZ UP +1.31% | Copper US$ 3.98/lb UP +0.01% | Zinc US$ 2 453.50/T DOWN -0.12% | Brent Crude Oil US$ 87.30/BBP UP +1.06% | Platinum US$ 906.04/OZ UP +1.25% Sport results: Weather: Katima Mulilo: 19° | 37° Rundu: 17° | 33° Eenhana: 18° | 33° Oshakati: 20° | 31° Ruacana: 19° | 33° Tsumeb: 17° | 29° Otjiwarongo: 16° | 28° Omaruru: 18° | 31° Windhoek: 17° | 28° Gobabis: 17° | 28° Henties Bay: 16° | 19° Wind speed: 24km/h, Wind direction: S, Low tide: 10:54, High tide: 04:57, Low Tide: 22:58, High tide: 17:16 Swakopmund: 15° | 17° Wind speed: 29km/h, Wind direction: SW, Low tide: 10:52, High tide: 04:55, Low Tide: 22:56, High tide: 17:14 Walvis Bay: 16° | 22° Wind speed: 33km/h, Wind direction: SW, Low tide: 10:52, High tide: 04:54, Low Tide: 22:56, High tide: 17:13 Rehoboth: 18° | 29° Mariental: 22° | 32° Keetmanshoop: 21° | 34° Aranos: 21° | 31° Lüderitz: 15° | 29° Ariamsvlei: 23° | 34° Oranjemund: 15° | 21° Luanda: 27° | 30° Gaborone: 20° | 32° Lubumbashi: 17° | 24° Mbabane: 15° | 23° Maseru: 12° | 28° Antananarivo: 16° | 27° Lilongwe: 17° | 29° Maputo: 20° | 28° Windhoek: 17° | 28° Cape Town: 17° | 23° Durban: 21° | 25° Johannesburg: 18° | 28° Dar es Salaam: 26° | 32° Lusaka: 18° | 30° Harare: 15° | 31° Economic Indicators: Currency: GBP to NAD 23.87 | EUR to NAD 20.44 | CNY to NAD 2.62 | USD to NAD 18.94 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.33 | EGP to NAD 0.39 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.74 | ZWL to NAD 0.04 | BRL to NAD 3.8 | RUB to NAD 0.2 | INR to NAD 0.23 | USD to DZD 134.29 | USD to AOA 832.63 | USD to BWP 13.71 | USD to EGP 47.35 | USD to KES 130.98 | USD to NGN 1415.13 | USD to ZAR 18.93 | USD to ZMW 25.01 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 74536 Up +0.85% | Namibian Stock Exchange (NSX) Overall Index 1528.69 Up +0.84% | Casablanca Stock Exchange (CSE) MASI 12981.98 Up +0.34% | Egyptian Exchange (EGX) 30 Index 27559.35 Down -2.36% | 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$ 2 219.48/OZ UP +1.31% | Copper US$ 3.98/lb UP +0.01% | Zinc US$ 2 453.50/T DOWN -0.12% | Brent Crude Oil US$ 87.30/BBP UP +1.06% | Platinum US$ 906.04/OZ UP +1.25%