![](https://www.eaglefm.com.na/wp-content/uploads/2021/01/air-namibia_1-300x204.jpg)
• N$8,3 billion from 1999 to 2019
• Has a historic debt of N$1,3 billion
• N$2 billion to liquidate Air Namibia
• Owes Challenge Air N$253m
• the airline needs N$8 billion to carry on as a going concern
• Has never paid a dividend to the government for more than 29 years
• Has paid out CEOs millions of dollars in golden handshakes
• Has had a number of turnaround strategies that never turned around the airline
• Most CEOs have left in unfriendly circumstances
• Has had 11 CEOs in 30 years – each CEO served an average 2 years 7 months.
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