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Namibia to ground national carrier’s license over cash hole

July 8, 2020

WINDHOEK (Reuters) – Cash-strapped Air Namibia will have its planes grounded at midnight on Wednesday after it failed to secure enough funding to remain solvent, voiding its air licence, the transport authority said. The airline, which operates 10 aircraft on continental and one international route, with a staff of close to 800, requires around 8 […]

The post Namibia to ground national carrier’s license over cash hole appeared first on CNBC Africa.

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Source : African Media Agency (AMA)

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