Dr Ndumba Kamwanyah

South African airline offers 1.4 billion to buy Air Namibia

South African airline offers 1.4 billion to buy Air Namibia

Martin Edjala A South African airline, BDS Airways, reportedly has put in a N$ 1.4 billion bid to buy Air Namibia. This is the second bid offer made by BDS Airways after withdrawing the initial bid of N$3.2 billion last November. This has been confirmed in the liquidator’s latest communication as per the transaction timeline proposal. BDS Airways reportedly indicated their readiness in this regard. “This news brings hope to both the country as a whole and the Air Namibia employees, however, there is an element of cautioun that needs to be undertaken, as nothing yet has been finalised, nor…
Read More