/Air Namibia declared insolvent

Air Namibia declared insolvent

Namibia’s flagship airline, Air Namibia is now in a state of insolvency, a company official told Xinhua on Wednesday.

Considerations on whether to keep the airline as a state-owned entity or offload it to a private investor is still being considered by the Namibian government who are the sole owners of the financially trouble airline, said Paul Nakawa, the company’s corporate communications manager.

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