The Namibian government has increased the bailout amount for the nation's national carrier Air Namibia with a promise that this will be the last time it will be coming to the aid of the struggling carrier.
The billion-dollar package was worked on a turnaround plan that was approved by the Namibian cabinet. the new business plan, developed by IATA Consulting, will see Air Namibia produce a well develop network that results in a better product attractive to higher yielding customers and to potential airline partners.
New routes yet to be developed, better scheduling and newer aircrafts are expected to boost the productivity of the airline. The plan will see the creation of a hub at Hosea Kutako Airport in Namibia, from where Air Namibia will fly from and to other destinations in the Southern Africa region.
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