Air Namibia formulates new business model

Air Namibia formulates new business model

A new business model is being formulated for Air Namibia to ensure that the State-owned entity breaks even within three years.
In a media statement issued on Friday Minister of Public Enterprises, Leon Jooste said the implementation of such a model could result in savings of around N$1 billion per year.
Jooste was responding to an article in a local daily newspaper on a draft report titled 'Fiscal Risk Statement' released last month, in which the International Monetary Fund warned that Namibia risks remaining at junk status.