Air Namibia delays April salaries as lockdown takes its toll on cash flow
Air Namibia announced Wednesday that staff salaries for April will be delayed by at least a week as the country's ban on air travel hits its cash flow. Travel into Namibia from all countries is currently banned due to the outbreak of the coronavirus that has forced the country into a 6-week lockdown to the curb the spread. Air Namibia acting CE Elia Erastus told local media that the temporary suspension of airline routes as a result of the coronavirus outbreak is one of the main contributors to the airline's cash flow troubles. He said April salaries for the airline's 700 employees were anticipated to be delayed by a week due to "critical cash flow problems". Employees at the airline have already been informed of the dire financial situation and were told to make arrangements with creditors, Erastus said. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-04-23/unaligned/air-namibia-delays-april-salaries-as-lockdown-takes-its-toll-on-cash-flow
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Air Namibia delays April salaries as lockdown takes its toll on cash flow
Air Namibia announced Wednesday that staff salaries for April will be delayed by at least a week as the country's ban on air travel hits its cash flow. Travel into Namibia from all countries is currently banned due to the outbreak of the coronavirus that has forced the country into a 6-week lockdown to the curb the spread. Air Namibia acting CE Elia Erastus told local media that the temporary suspension of airline routes as a result of the coronavirus outbreak is one of the main contributors to the airline's cash flow troubles. He said April salaries for the airline's 700 employees were anticipated to be delayed by a week due to "critical cash flow problems". Employees at the airline have already been informed of the dire financial situation and were told to make arrangements with creditors, Erastus said. <br/>