News shorts
Air Namibia’s Frankfurt-Windhoek flight delayed
Air Namibia's Flight SW 286, operating between Frankfurt and Windhoek, was delayed by about 12 hours due to damage caused to the plane at the Frankfurt Airport.
Air Namibia spokesperson Paul Homateni issued a statement on Sunday informing passengers, travel agencies and other stakeholders about the delay.
“This is as a result of damage [caused] to one of the Airbus A330-200 by the ground handlers at the Frankfurt Airport where the aircraft was parked. The airline is in the process of establishing the extent of the damage and cost of repair,†he said.
After repairs, the plane was expected to leave Frankfurt at 09:30 yesterday morning, with the estimated arrival time in Windhoek being 18:30 local time.
Homateni said Air Namibia expected to resume its normal schedule for the Frankfurt flights from 20:30 yesterday.
Businesses delegation in Finland
A powerful 42-member business delegation, led by Trade and Industry Minister Calle Schlettwein, arrived in Helsinki, Finland on Sunday for a week-long trade and investment business mission.
The delegation includes representatives of government agencies and State-owned enterprises such as the Environmental Investment Fund of Namibia, the Agro-Marketing and Trade Agency, Meat Board of Namibia, Meat Corporation of Namibia, the Namibia Trade Forum, Namibia Ports Authority, Walvis Bay Corridor Group, Offshore Development Company and the National Commission on Research, Science and Technology.
The business mission also attracted the interest of private businesses in the energy, tourism, fishing, agriculture and construction sectors.
The trade and investment mission is a follow-up to President Hifikepunye Pohamba’s State visit to that country in 2013.
Fitch upgrades Namport ratings
Credit ratings agency Fitch Ratings has upgraded the Namibian Ports Authority's (Namport) national long-term rating to 'A+' from 'A-', and the national short-term rating to 'F1' from 'F2'.
‘A’ ratings denote expectations of low credit risk. The ‘A+’ rating shows that the capacity for payment of financial commitments is considered strong. This capacity may, nevertheless, be more vulnerable to adverse business or economic conditions than is the case for higher ratings.
‘F1’ rating is the highest short-term credit quality, while an F2 rating is a good short-term credit quality.
The company‘s ratings are used as a guide by investors when considering which investments are most likely to yield good returns.
Reports by Nampa
Comments
Namibian Sun
No comments have been left on this article