WARNING: This is Version 1 of my old archive, so Photos will NOT work and many links will NOT work. But you can find articles by searching on the Titles. There is a lot of information in this archive. Use the SEARCH BAR at the top right. Prior to December 2012; I was a pro-Christian type of Conservative. I was unaware of the mass of Jewish lies in history, especially the lies regarding WW2 and Hitler. So in here you will find pro-Jewish and pro-Israel material. I was definitely WRONG about the Boeremag and Janusz Walus. They were for real.
Original Post Date: 2005-06-22 Time: 00:00:00 Posted By: Jan
[Namibia appears to be going from bad to worse. Another Zimbabwe in the making… Jan]
JOHAN de Waal of the DTA last week urgently appealed to Prime Minister Nahas Angula to investigate Air Namibia”s current business plan in view of the grotesque financial losses the national carrier constantly incurs.
“There is something very wrong at Air Namibia. We need to take drastic steps to prevent further massive losses at our national airline. If I look at the money that has been pumped into Air Namibia over the last six years as well as the money earmarked in the current three-year rolling budget, I cannot with the best will in the world honestly say that these amounts represent value for money,” De Waal charged.
He claimed that the Namibian government has pumped in a massive amount of N$1,5 billion into air Namibia through direct budget allocations.
“If this money were used to build houses at a cost of N$200 000 per house, we would have built 7 500 houses. Also, for the financial year 2004, it appears that Air Namibia has increased its calculated tax loss by more than N$500 million in just one year, but it was able to buy France Telecom shares for more than N$2 million.
“Maybe the Minister can tell the House what on earth Air Namibia is doing with France Telecom shares,” De Waal requested.
De Waal also strongly questioned the validity of the three weekly flights to London by Air Namibia.
“Air Namibia has at least four times in the past tried to operate flights to and from London and every time they have had to terminate these flights because they incurred heavy losses. The company knows very well that there are not nearly enough passengers in Namibia to warrant three flights per week to London and that it will depend on passengers to and from South Africa to give them the necessary load factor,” the DTA member sta-ted.
“Looking at the total demand from this particular flight and taking into account the airlines we have to compete with, we will only be able to maintain an average load factor of 100 passengers per flight per year. Air Namibia will make a loss of well over N$100 million per year just on the London flight,” De Waal calculated.
Source: AllAfrica.Com
URL: http://allafrica.com/stories/200506220548.htm…/p>