About: http://data.cimple.eu/news-article/99c704880eacf6a8972ccc320982d0206a01c777ec1965e11ad334ad

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rdf:type	schema:NewsArticle
schema:articleBody	Namibia's cash-strapped national airline said Tuesday it will halve staff salaries as it prepares to resume flights after six months. Even before the coronavirus pandemic, Air Namibia's finances were in tatters and it failed to post profits over the past five years. Namibian President Hage Geingob had warned in June that the carrier faced liquidation as it lived off government bailouts. "The airline is feverishly doing all it can to resume operations, considering that it has not done much flying since the (Covid-19) state of emergency was declared," Air Namibia spokesman Twakulilwa Kayofa told AFP. In a letter addressed to staff dated September 25 and seen Tuesday by AFP, the flag carrier said employees who have not been working since the lockdown began in March, would have to take a salary cut. It said the airline mananagement have "been actively working on plans to restart operations in anticipation of the eventual opening of regional and international borders for commercial activities". "The re-start plans (are) however heavily impacted by the lack of financial resources" to pay creditors. "The airline will reduce the employee's basic salary by 50 percent for affected non-operational staff for the months of September 2020 going forward," it said in the letter. Air Namibia has 10 aircraft and close to 800 employees. The government has said the airline needed some seven billion rand ($414 million) to stay airborne. str/mgu-sn/ach
schema:headline	Air Namibia halves salaries as it prepares to resume flights
schema:mentions	President of Namibia Hage Geingob South African rand Namibia Agence France-Presse Airborne forces Lockdown Pandemic Severe acute respiratory syndrome coronavirus 2 Coronavirus disease 2019 Air Namibia Flag carrier
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-09-29 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	82 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

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