Airlink Buys Fly Namibia

Airlink (LNK, South Africa) has signed a deal with Fly Namibia (WAA, Namibia) in which it will now own 40% of the Nambian airline.

In a press release by airlink is stated: “We are acquiring a 40 percent strategic equity holding in privately-owned Windhoek-based FlyNamibia in an investment which will accelerate Namibia’s post-pandemic recovery and drive the expansion of efficient scheduled airline services to, from and within Namibia. The investment, worth an undisclosed monetary sum, is underpinned by a commercial franchise agreement under which FlyNamibia will adopt Airlink’s “4Z” International Air Transport Association (IATA) designator for its ticket sales and scheduled flights, while retaining its unique corporate identity, brand and aircraft livery. It will also see FlyNamibia’s inventory attaining higher visibility and being promoted on Airlink’s computerised reservation system and on those of major foreign airlines which have partnered with Airlink.

The changes will come into effect as soon as practicable, after which all existing bookings for FlyNamibia flights will be amended at no cost or inconvenience to customers. Airlink will also provide additional airline operations, technical and commercial skills training and development support for FlyNamibia.” for full press statement from airlink.

Click here for full press statement from Airlink.