February 11 Namibian Finance Minister Ipombo Shimi said on the 11th that the government agreed to carry out voluntary liquidation of the national airline Namibia Airlines.
At a press conference held in Windhoek, the capital, Shimi said that relevant data showed that Namibia Airlines had been losing money since its establishment.
The Namibian government has spent about 8 billion Namibian dollars (about $550 million) to subsidize the company, but still does not see the possibility of profitability.
Namibia Airlines issued a statement on the 11th that it cancelled all flights and the ticket reservation system had also stopped working.
The Namibian government has previously approached some internationally renowned airlines, but no company is willing to buy the airline.