/Airlink acquires 40% stake in FlyNamibia

Airlink acquires 40% stake in FlyNamibia

Independent South African-based airline, Airlink is acquiring a 40% strategic equity holding in privately-owned Windhoek-based FlyNamibia.

According to a joint statement released this week, the venture will allow Airlink and FlyNamibia to support Namibia’s National Transport Policy vision by providing safe, reliable, effective, efficient, and affordable air transport with world-class service levels.

The investment, worth an undisclosed monetary sum, is underpinned by a commercial franchise agreement under which FlyNamibia will adopt Airlink’s ‘4Z’ International Air Transport Association designator for its ticket sales and scheduled flights while retaining its unique corporate identity, brand, and aircraft livery.

Source & Copyright and Read More: https://economist.com.na/73866/wheels-wings/airlink-acquires-40-stake-in-flynamibia/