DEBT-LADEN, state-owned Air Namibia has been placed under voluntary liquidation, Finance Minister Iipumbu Shiimi said on Thursday.
Shiimi told reporters at a news conference that it was in the best interest of the country to file for liquidation.
The government said it would pay airline employees the value of one year’s salary, over the next 12 months.
The cessation of operations for the troubled flag-carrier comes eight months after the Namibian president, Hage Geingob, told the country’s parliament that the airline should be liquidated.
Geingob had made the declaration after delivering a state-of-the nation speech in early June 2020.
Air Namibia has disclosed that “all flight operations will be cancelled” with effect from 11 February, and that its aircraft will be flown back to its base.
“The reservation system for taking new bookings is also suspended,” it says, through its official social media channel, directing passengers to contact
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