Browsing Tag

airline

Analysts Warn New Airline Could Repeat Air Namibia’s Failures

Namibia’s plan to revive a flag carrier revives familiar risks — and questions The government of Namibia has moved from intention to action in its plan to relaunch a national airline, confirming a new state-owned entity — Namibia Air Pty Limited — and the appointment of an interim board. Works and transport minister Veikko Nekundi says market analysis, traffic forecasting and a business model are under way, and that the carrier could be operational in the next financial year. Opposition parties have urged caution, warning…

Africa Sees $950 Million in Airline Funds Tied Up, Reports IATA

Mogadishu (AX) — In a revelation that can ruffle some feathers, the International Air Transport Association (IATA) brought to light that a hefty $950 million of airline moolah is stuck in African nations. This chunk represents a whopping 57% of the world’s aviation money that’s caught in a web due to scarce foreign exchanges. During a pow-wow at the African Airlines Association's big annual shindig in Cairo, IATA's head honcho, Willie Walsh, sounded the alarm, pleading for someone to get a move on and fix this jam!—astating…

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