Proudly sponsored by

Air Namibia files for voluntary liquidation – Namibia’s finance minister

The government said it would pay airline employees the value of one year’s salary, over the next 12 months.
Image: Moneyweb

Debt-laden, state-owned Air Namibia has been placed under voluntary liquidation, Finance Minister Iipumbu Shiimi said on Thursday.

Shiimi told reporters at a news conference that it was in the best interest of the country to file for liquidation.

The government said it would pay airline employees the value of one year’s salary, over the next 12 months.

COMMENTS   2

Sort by:
  • Oldest first
  • Newest first
  • Top voted

You must be signed in to comment.

SIGN IN SIGN UP

At last someone that can admit now is not the time to be smart and fly your flag.

12 months salary when you are bankrupt???? Sounds like a real commie way of doing things. Probably the reason they stuck it out so long. No mention of what the “sticking out” cost the county.

Jamnadas! Are you reading this? Do the same with SAA, let the colonialist British take over all routes with BA(as well as entrepreneurial non ANC supporters with new airlines) and pay for vaccines with the savings.

This is not the socialist paradise you dreamt of when you were a lot smaller-the USSR and Berlin Wall are long gone and there are global forces out there that dictate to you what you and your ANC comrades will do!

We all know who you really are-the number two to number one as his chief financial officer ..and now number one is being guarded by a group of highly trained and equipped , youthful special forces from MKVA led by Field Marshal Carl Niehaus.

End of comments.

LATEST CURRENCIES  

USD / ZAR
GBP / ZAR
EUR / ZAR

Podcasts

INSIDER SUBSCRIPTIONS APP VIDEOS RADIO / LISTEN LIVE SHOP OFFERS WEBINARS NEWSLETTERS TRENDING PORTFOLIO TOOL CPD HUB

Follow us:

Search Articles: Advanced Search
Click a Company: