Air Namibia loses government subsidy due to lack of funds

Air Namibia A330-200

Air Namibia (SW, Windhoek Int'l) has been informed by the Namibian government that it will not be receiving any subsidy in July 2017 due to a lack of funds, reports New Era.

"The Ministry of Works and Transport would like to inform Air Namibia that due to a very limited ceiling (fund allocation) for July received from treasury, the ministry is unable to pay for your government subsidy allocation," Works and Transport permanent secretary Willem Goeiemann wrote in a letter to Air Namibia acting manager Mandi Samson. "The ministry therefore advises Air Namibia to kindly make other financial provisions to pay its leases, maintenance and fuel for July 2017."

A spokesman for the airline told New Era that the missing subsidy could "potentially affect the operations of the airline." An anonymous source quoted in The Namibian says that the airline's monthly expenses are approximately NAD300 million (USD23.1 million), with the state providing NAD50 million (USD3.8 million) of that.

At the airline's annual stakeholder conference held in May, Minister of Works and Transport, Alpheus Naruseb said that he wanted to see Air Namibia become self-supporting in the future. The airline has received NAD10 billion in government subsidies since the country became independent in 1990.

The state airline serves seventeen destinations in southern Africa, and one long-haul route to Frankfurt, Germany with a fleet of four A319-100s, two A330-200s and four ERJ-135s.

Source:https://www.ch-aviation.com/portal/news/57932-air-namibia-loses-government-subsidy-due-to-lack-of-funds

Comments

Post a Comment

Popular posts from this blog

Sudan's Badr Airlines and Aloor Airlines partner for Juba ops

Image
Badr Airlines B737-300 Badr Airlines (J4, Khartoum) has resumed flights to South Sudan following the signing of a partnership agreement with South Sudanese operator Aloor Airlines (Juba). The Sudan Tribune reports Badr Airlines is slated to operate flights between the South Sudanese towns of Wau and Juba with an onward sector to the North Sudanese capital Khartoum. The first such service took place early last week using B737 equipment. Badr Airlines last served Juba between 2004 and 2011 when the city was still a part of the Republic of Sudan (today North Sudan). The flights ended in 2011 following South Sudan's independence and the subsequent escalation in tensions between the states over the oil-rich Kordofan border region. Badr Airlines also serves Cairo Int'l and Jeddah internationally with domestic destinations listed as Port Sudan, El Obeid, Damazin, El Fasher, Geneina, and Nyala. It currently operates one B737-300 and four B737-500s. Source:https://www.ch-
muxajax@blogger.com

Ethiopia launches online Entry Visa Application and Issuance

Image
Ethiopian Airlines Logo The e-visa is processed and issued online on a single web page where applicants apply, pay and secure their entry visa online.Once the online application is approved, applicants will receive an email authorising them to travel to Ethiopia and they will get their passport stamped with the visa upon arrival in Addis Ababa. Group CEO Ethiopian Airlines, Tewolde GebreMariam said: "Ethiopia, the oldest independent civilization in Africa and one of the oldest in the world, is endowed with historical places, natural beauty, colourful and diverse cultural activities and various endemic wild animals which are of great interest to international tourists. However; we have not made best use of these natural resources to attract large number of tourists. To this effect, this project is part of a new national initiative to transform the tourism sector in the country. The full commencement of the Online Visa application and issuance system will promote tourism, tr
muxajax@blogger.com

Air Zimbabwe slashes workforce by half

Image
Air Zimbabwe B767-200 Air Zimbabwe (UM, Harare Int'l) has announced that it has retrenched 200 of its 424 staff as it struggles to keep the airline in business. This is the fourth round of retrenchments in eight years, reports Reuters. "We were overstaffed by a lot and we are also trying to weed out people without the right qualifications," said the carrier's Chairwoman, Chipo Dyanda. "The retrenchment is meant to give space to the airline so that we can redeploy the money saved back into the company." According to Nehanda Radio, most of the employees affected were in administrative positions, and all employees have been placed on performance-based contracts. Staff will also be re-trained, "starting with the chief executive officer". No pilots were retrenched in the round. The restructuring program is also aiming to build Harare Int'l as a travel gateway."This restructuring exercise is coming on the backdrop of a strategic plan
muxajax@blogger.com