In 2020, Air Namibia presented a new N$4.7 billion (US$303.8 million) business plan as a turn around strategy.Public enterprises minister Leon Jooste at the time said the plan was different from a previous version.
The airline’s board further requested N$193 million (US$11.6 million) from the state to restart operations after Covid-19 had ravaged its earning.
The government gave them nothing.
In 2013, Air Namibia submitted a 5-year turnaround strategy saying it would make them break even and allow then to invest in new aircraft and improve revenue management systems.
There was another turnaround strategy in 2011 that was expected to see the carrier break even by 2016 at an expected cost of N$1.6 billion (US$156.9 million) to the taxpayer.
By August 2013, halfway through the five-year plan, Air Namibia claimed that it had moved towards breaking even.
A 2003-2009 turnaround attempt used nearly N$2 billion (US$196 million) in government bailout funds.
None of these turnaround strategies managed to keep Air Namibia flying high.
