South African Airlink will take a 40% stake in Air Namibia, following the Namibian government's move to partially privatise its troubled flag carrier, which has debts of N$1.4 billion ($121 million).

South African regional airline SA Airlink will pay cash for a 40% stake, privately owned Namibian aviation company Comav will acquire 15%, trade union group Labour Investment will have 10%, employees will take 10% and the state will retain 25%. South African Airways will become a 4% shareholder through its 10% stake in SA Airlink.

Source: Flight International