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Showing posts with label Namibia Government. Show all posts
Showing posts with label Namibia Government. Show all posts

Tuesday, September 24, 2013

■ NAMIBIA: Government mulls closer cooperation with China; Tianjin flights for Air Namibia?

Namibia's Minister for Trade & Industry, Calle Schlettwein, says his government is considering cooperating with the Chinese aviation sector, with Tianjin in northern China, a potential new destination for the state-backed national carrier, Air Namibia (SW).

Wednesday, July 17, 2013

■ NAMIBIA: NAC planning to add a new terminal, runway at Windhoek Hosea Kutako International Airport.

Namibia Airports Company logoThe Namibia Airports Company (NAC) has announced plans to construct a new passenger terminal and a second runway at the Windhoek's Hosea Kutako International Airport as part of its five year strategic plan. Speaking in Windhoek during the handing over of two apron buses for use at the airport, Chairwoman Ms Ndeuhala Katonyala said that while the NAC is currently focussed on extending the current passenger terminal at Hosea Kutako to ease the flow of passengers, a new terminal would be required to meet anticipated long term growth.

Friday, April 19, 2013

■ NAMIBIA: Air Namibia allegedly tries to back out of A330 deal with Intrepid; Government served with $130million bill.

Air NamibiaThe Namibian press reports that the Government has been served with a Notice of default following national carrier Air Namibia's (SW) attempt at cancelling a USD130million deal signed last year for two Airbus A330-200s with US-based Intrepid Aviation, a privately held commercial aircraft lessor.

Sunday, March 10, 2013

■ NAMIBIA: Air Namibia settles its bill with Engen; Frankfurt nonstop resumes.

Air NamibiaAir Namibia's (SW) has settled its outstanding debt with fuel supplier, South African based Engen. Fuel bills have continuously hurt the Namibian national carrier's coffers with an estimated 40% of revenue going to fuel related expenses alone.

Tuesday, March 5, 2013

■ NAMIBIA: Air Namibia due for $120mln bailout from Government this year with more big spending to come.

Air NamibiaIn what is fast becoming a bad trend amongst southern African carriers - the South African government "loaning" South African Airways (SA) over USD500million and Zimbabwe set to cover Air Zimbabwe's USD188million debt bill - it appears that the Namibian Government has now budgeted a whooping USD120million (NAD1.1billion) to pay for "business plan updates and outstanding debts" for struggling national carrier Air Namibia (SW), with further allocations due until 2016.