Why even a $461.6 million government bailout cannot help struggling Air Namibia

Why even a $461.6 million government bailout cannot help struggling Air Namibia

It’s crunch time for loss making Air Namibia with the government due to make a decision on the fate of the carrier in the coming days, following stunning revelations it cannot adequately fund its turnaround nor find any investors. Namibia’s Minister of Finance and Chairperson of the Cabinet Committee on Treasury, Ipumbu Shiimi, in a…

Why even a $461.6 million government bailout cannot help struggling Air Namibia
| | |

Why even a $461.6 million government bailout cannot help struggling Air Namibia

It’s crunch time for loss making Air Namibia with the government due to make a decision on the fate of the carrier in the coming days, following stunning revelations it cannot adequately fund its turnaround nor find any investors. Namibia’s Minister of Finance and Chairperson of the Cabinet Committee on Treasury, Ipumbu Shiimi, in a…