The board of Air Namibia (SW, Windhoek Int'l) has resigned after launching a scathing attack on the Namibian government for “usurping its functions” and interfering in the management of the state-owned airline, making it “extremely difficult for the board to execute its fiduciary role” as it sought to save the airline from liquidation.
All four board members tendered their resignations to Public Enterprises Minister Leon Jooste on February 3 after earlier issuing a statement that revealed they were at loggerheads with the government over efforts to rescue the airline. Air Namibia spokesperson Twaku Kayofa said the airline was now awaiting guidance from the government on the way forward.
Clarifying its actions concerning a EUR9.9 million (USD24.2 million) out of court deal on January 28 that averted Air Namibia's liquidation, the board earlier underlined it had always acted in the best interest of the airline and the shareholder.