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Air Namibia re-align its economy class on-board meal and beverage offerings – no more booze and hot beverages

Air Namibia re-align its economy class on-board meal and beverage offerings – no more booze and hot beverages

National airline, Air Namibia will re-align its economy class on-board meal and beverage offerings on all flights of 2.5 hours, effective Friday, 22 November.

According to a statement issued, the new service offering in economy class will include: A “dry snack” option with juice, still or sparkling water will be offered in the place of hot meals previously served. This applies for all flights with a duration of 2.5 hours and less irrespective of the time of departure or aircraft type.

Air Namibia said that alcoholic beverages such as beer, wines, and spirits, as well as hot beverages such as tea and coffee, will not be on offer anymore, while the meal service options along with related beverage offerings currently served in business class will remain unchanged.

“The change is necessitated by the need for the airline taking a different approach to ensure that product, service levels and related economics of the value chain are matched,” they said, while they said that the service offering on our international route will remain unchanged.

Xavier Masule, Interim Chief Executive Officer said that this is one of the many initiatives Air Namibia is in the process of implementing for revenue enhancement and strategic cost management.

He added, “As a trendsetter in the region, the move is geared towards making our business operations more financially sustainable and to re-align with today’s realities. The business environment is changing very fast and this has a big impact on the aviation industry globally, requiring airlines to adapt”.

“Change and transformation are inevitable. This move will ensure sustainability for our national airline, the pride of Namibia and generations to come. What we are introducing is part of industry practices. Therefore, we call on our esteemed passengers and stakeholders to continue supporting Air Namibia,” said Paul Nakawa, Manager for Corporate Communications.


 

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Following reverse listing, public can now acquire shareholding in Paratus Namibia

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20 February 2020, Windhoek, Namibia: Paratus Namibia Holdings (PNH) was founded as Nimbus Infrastructure Limited (“Nimbus”), Namibia’s first Capital Pool Company listed on the Namibian Stock Exchange (“NSX”).

Although targeting an initial capital raising of N$300 million, Nimbus nonetheless managed to secure funding to the value of N$98 million through its CPC listing. With a mandate to invest in ICT infrastructure in sub-Sahara Africa, it concluded management agreements with financial partner Cirrus and technology partner, Paratus Telecommunications (Pty) Ltd (“Paratus Namibia”).

Paratus Namibia Managing Director, Andrew Hall

Its first investment was placed in Paratus Namibia, a fully licensed communications operator in Namibia under regulation of the Communications Regulatory Authority of Namibia (CRAN). Nimbus has since been able to increase its capital asset base to close to N$500 million over the past two years.

In order to streamline further investment and to avoid duplicating potential ICT projects in the market between Nimbus and Paratus Namibia, it was decided to consolidate the operations.

Publishing various circulars to shareholders, Nimbus took up a 100% shareholding stake in Paratus Namibia in 2019 and proceeded to apply to have its name changed to Paratus Namibia Holdings with a consolidated board structure to ensure streamlined operations between the capital holdings and the operational arm of the business.

This transaction was approved by the Competitions Commission as well as CRAN, following all the relevant regulatory approvals as well as the necessary requirements in terms of corporate governance structures.

Paratus Namibia has evolved as a fully comprehensive communications operator in Namibia and operates as the head office of the Paratus Group in Africa. Paratus has established a pan-African footprint with operations in six African countries, being: Angola, Botswana, Mozambique, Namibia, South Africa and Zambia.

The group has achieved many successes over the years of which more recently includes the building of the Trans-Kalahari Fibre (TKF) project, which connects from the West Africa Cable System (WACS) eastward through Namibia to Botswana and onward to Johannesburg. The TKF also extends northward through Zambia to connect to Dar es Salaam in Tanzania, which made Paratus the first operator to connect the west and east coast of Africa under one Autonomous System Number (ASN).

This means that Paratus is now “exporting” internet capacity to landlocked countries such as Zambia, Botswana, the DRC with more countries to be targeted, and through its extensive African network, Paratus is well-positioned to expand the network even further into emerging ICT territories.

PNH as a fully-listed entity on the NSX, is therefore now the 100% shareholder of Paratus Namibia thereby becoming a public company. PNH is ready to invest in the future of the ICT environment in Namibia. The public is therefore invited and welcome to acquire shares in Paratus Namibia Holdings by speaking to a local stockbroker registered with the NSX. The future is bright, and the opportunities are endless.