{"id":62053,"date":"2024-01-26T17:26:36","date_gmt":"2024-01-26T17:26:36","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/no-plans-to-revive-national-airline"},"modified":"2024-01-26T18:44:24","modified_gmt":"2024-01-26T18:44:24","slug":"no-plans-to-revive-national-airline","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/no-plans-to-revive-national-airline","title":{"rendered":"No plans to revive national airline"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Namibia. <\/strong><\/span>No firm decision has yet been taken at Cabinet level or by any other entity regarding a possible revival of the liquidated national airline, Air Namibia. This was shared by works and transport minister John Mutorwa on Wednesday.<\/p>\n<p>\u201cTo the best of my recollection as a member of Cabinet, there is no concrete decision taken so far as to whether a new airline will be relaunched. Only the wish that is there to maybe one day, which is not defined yet, Namibia will be in the position to consider the launching of a smaller regional airline,\u201d said the minister during a media briefing.<\/p>\n<p>The now defunct national airline was liquidated after government, as the sole shareholder, pulled the plug in March 2020 after it was confirmed the airline accumulated about N$3.5 billion in debt on top of government-guaranteed debt of N$2.58 billion.<\/p>\n<p>As Namibians bid farewell to their national airline at the time, which had been operating continuously for almost 75 years, emotions ran high when government decided to voluntarily liquidate the airline.<\/p>\n<p>Evidently, the contentious and agonising choice to shut down Air Namibia was not wholly unexpected and was not made lightly. This decision had significant ramifications for both airline employees and the tourism sector as a whole.<\/p>\n<p>At the time of the liquidation, Namibia Airports Company (NAC) board chairperson, Leake Hangala said the demise of Air Namibia was one of the most devastating events that occurred in the sector. \u201cIts demise has resulted in a number of our people losing jobs and the country losing its national flag carrier. Losing Air Namibia has also resulted in the loss of domestic competition,\u201d Hangala complained.<\/p>\n<p>When government announced the liquidation in 2020, it stated it could no longer sustain Air Namibia and, therefore, it would be impossible for the airline to trade out of insolvency. The obsolete national airline\u2019s debt comprised N$2.3 billion owed to trade creditors and N$693 million in unpaid taxes.<\/p>\n<p>According to a report on 4 August 2021 by liquidators Bruni and McLaren, Air Namibia still owed N$105.5 million in unpaid severance packages to former employees.<\/p>\n<p>Bank loans afforded to the collapsed airline totalled over N$408 million, while its assets have been valued at N$1.1 billion.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/namibia\">Namibia<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Namibia. No firm decision has yet been taken at Cabinet level or by any other entity regarding a possible revival of the liquidated national airline, Air Namibia. This was shared by works and transport minister John Mutorwa on Wednesday. \u201cTo the best of my recollection as a member of Cabinet, there is no [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":62052,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,12],"tags":[234,236,233],"class_list":["post-62053","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-policy","tag-africa-press","tag-africa-press-namibia","tag-namibia"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>No plans to revive national airline - Namibia<\/title>\n<meta name=\"description\" content=\"No firm decision has yet been taken at Cabinet level or by any other entity regarding a possible revival of the liquidat ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/namibia\/all-news\/no-plans-to-revive-national-airline\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"No plans to revive national airline\" \/>\n<meta property=\"og:description\" content=\"No firm decision has yet been taken at Cabinet level or by any other entity regarding a possible revival of the liquidat ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/namibia\/all-news\/no-plans-to-revive-national-airline\" \/>\n<meta property=\"og:site_name\" content=\"Namibia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-26T17:26:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-26T18:44:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2024\/01\/sm_1706281965.736851.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"479\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/no-plans-to-revive-national-airline#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/no-plans-to-revive-national-airline\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"No plans to revive national airline\",\"datePublished\":\"2024-01-26T17:26:36+00:00\",\"dateModified\":\"2024-01-26T18:44:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/no-plans-to-revive-national-airline\"},\"wordCount\":383,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/no-plans-to-revive-national-airline#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2024\/01\/sm_1706281965.736851.jpg\",\"keywords\":[\"africa press\",\"Africa Press-Namibia\",\"namibia\"],\"articleSection\":[\"all news\",\"head lines\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/no-plans-to-revive-national-airline#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/no-plans-to-revive-national-airline\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/no-plans-to-revive-national-airline\",\"name\":\"No plans to revive national airline - 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