/Airports company turns to private sector

Airports company turns to private sector

WITH its main shareholder facing budgetary constraints, the Namibia Airports Company (NAC) has turned to private financiers to fund its five-year plan.

This is a development Air Namibia will not see after the Cabinet’s decision to li­quidate the airline.

According to NAC, its plan to increase passenger volumes, attract and retain new airlines, and diversify its revenue would require around N$1,3 billion.

To facilitate this, NAC invited various financiers last week to familiarise themselves with investment opportunitites in the aviation industry.

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