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Independent SA-based airline Airlink is acquiring a 40% strategic equity holding in privately-owned Windhoek-based FlyNamibia with the aim of creating more efficient flights to, from and within Namibia.
The amount paid was not disclosed.
In terms of the commercial franchise agreement, Airlink and FlyNamibia will optimise their schedules to provide the most convenient connections between their respective flights and with long-haul inter-continental flights provided by Airlink's other commercial partners.
FlyNamibia will adopt Airlink's "4Z" designator for its ticket sales and scheduled flights, while retaining its own brand and aircraft livery. The airline will be promoted on Airlink's reservation system and on those of major foreign airlines which have partnered with Airlink.
Airlink will also provide technical and commercial skills training and development support for FlyNamibia. "We will be well-placed to achieve economies of scale to serve Namibia's smaller towns and cities, while also providing convenient access to other markets around the world," says Airlink Chief Executive and Managing Director Rodger Foster.
FlyNamibia's Managing Director Andre Compion, adds that Namibia's economy has the potential to grow rapidly with new off-shore drilling and mining, a resurgence in tourism, and its establishment as a producer of green hydrogen. To realise its full economic potential, Namibia will depend increasingly upon air connectivity, he says.