Air Namibia terminated the agreement after discovering the aircraft was defective. The airline rented Namibian $ 253 million (R253m) for an aircraft leased over 20 … It is not making any profits and it is just being bailed out. It claimed Air Namibia’s liquidation was in the public interest as the airline was in “deep commercial insolvency” and that government assistance was not forthcoming. Those affected are cabin crew, pilots and ground staff who were furloughed since Namibia introduced a COVID-19 lockdown in March. The decision was made without the blessing of the Ministry of Public Enterprises or the Cabinet, which both support the liquidation of the national carrier. Photo: Air Namibia Namibian President calls for flag carrier’s liquidation . The cash-stricken national carrier was to re-appear to defend an application to have it liquidated filed by Anicet Baum, the Belgian liquidator of Challengair, relating to overdue monthly payments of a settlement of NAD400 million Namibian dollars (USD24.2 million) following a longstanding dispute over the lease and maintenance of a B767-300(ER) in 1998. 30 October 2020. The Namibian newspaper reported that several staff members, disgruntled over unpaid bonuses, refused to let Mberirua leave his office last week. - 01.02.2021 - 07:39 UTC. It is further worth noting that currently, Air Namibia has significant debts that are unsustainable,” he said. INTERNATIONAL - Namibia's flagship airline, Air Namibia is now in a state of insolvency, a company official told Xinhua on Wednesday. Meanwhile, The Namibian reports that Air Namibia acknowledged in a settlement agreement with Baum in December 2019, that it owed Challengair EUR18.2 million (USD21.4 million), which it undertook to repay in instalments until September 2021. To date, the airline had paid EUR8.2 million euros (USD9.6 million). On the same day, Namibian President Hage Geingob called for its liquidation as an alternative to further bailouts. We must do something about it." This negatively affected the cash flow of the airline, “to the extent that continued domestic operations are jeopardised,” he said. Air Namibia was due to have re-appeared in the Windhoek High Court on Friday morning to defend an application to have it liquidated filed by Anicet Baum, the Belgian liquidator of Challengair, relating to overdue monthly payments of a settlement of NAD400 million Namibian dollars (USD24.2 million) following a longstanding dispute over the lease and maintenance of a B767-300(ER) in 1998. Cash-strapped Air Namibia survived liquidation attempts by defunct Belgian flyer ChallengeAir SA when the two firms reached a 10 million euros ($12 million) settlement minutes before liquidation proceedings were due to kick off. Tambo on October 6 and 9, 2020. Air Namibia would not tell local outlets why it had suddenly dropped its planned international charters. The airline needs NAD8 billion (USD484.2 million) to carry on as a going concern, but has failed to produce financial reports in recent years, a requirement of Namibia’s Air Services Licensing Act. Only NAD983 million (USD59.4 million) has been made available to the airline in the last Namibian government budget, representing only 12% of the amount needed. This comes as the airline prepares to re-appear in the Namibian High Court in the capital Windhoek on December 1, 2020, to defend an... Want to receive the latest aviation news delivered right to your mailbox every week? Amongst the matters that were discussed was the 13th cheque due to be paid by the employer to the employees. It is not making any profits and it is just being bailed out. Air Namibia connects Namibia to the world with daily flights to Europe and many other African destinations. The case had already been postponed twice from December and October 2020 respectively. Cash-strapped Air Namibia survived liquidation attempts by defunct Belgian flyer ChallengeAir SA on Friday when the two firms reached a 10 million euros ($12 million) settlement minutes before liquidation proceedings were due to kick off, MoneyWeb reported. Insolvent Air Namibia thrown lifeline at eleventh hour. According to data from Planespotters, the airline only has nine aircraft in its fleet comprised of … Namibia’s state-owned airline faced a debt pile closure and suspended all flights throughout its route network in March 2020. Air Namibia has not been very profitable recently. Le président de Namibie Hage Geingob a annoncé son intention de liquider la compagnie aérienne Air Namibia. Windhoek, Jan. 30，2021 — Financially-beleaguered Air Namibia on Friday survived liquidation attempts by defunct Belgian company ChallengeAir SA which had The decision was made without the blessing of the Ministry of … Firstly, Air Namibia was bailed out, bailed out. In the State of the Nation address viewed by Simple Flying, President Hage Geingob had the following statement: “Yes, Air Namibia must be liquidated. The Namibian High Court, on July 9, 2020, set aside the suspension of Air Namibia’s scheduled air service licence after the struggling carrier was grounded on July 8 when the Transportation Commission of Namibia suspended its scheduled air services license (ASL), saying the airline was financially unable to provide safe and reliable commercial flights. Kayofa confirmed reports that the lawyers representing both parties had informed the presiding judge that they had reached a settlement minutes before court proceedings commenced. Air Namibia reaches settlement agreement to avoid liquidation. Air Namibia chairman Escher Luanda said on Wednesday that if liquidated, the airline — which owns two Airbus A319 jets and four Embraer 135 regional jets — would get little in return for its assets. Air Namibia has been operating limited scheduled domestic services since May 6, but has not operated commercial international flights despite the country opened its international borders on September 1, 2020. None of the airlines simply pay back - in fact, IATA initially advised us to issue vouchers for the future, but ultimately the liability increases inexorably as the travel industry remains paralyzed by the COVID-19 measures taken.". Air Namibia spokesperson Twaku Kayofa confirmed to ch-aviation the case, which was due to have been heard in the Windhoek High Court on December 1, 2020, was postponed to January 29, 2021. According to the settlement plan, Air Namibia has agreed to pay the estate of... Namibia's High Court has again postponed a case in which Air Namibia (SW, Windhoek Int'l) is facing liquidation over a historical debt of USD24.2 million to the bankruptcy estate of defunct Belgian carrier Challengair (1I, Brussels National). Cash-strapped Air Namibia survived liquidation attempts by defunct Belgian flyer ChallengeAir SA on Friday when the two firms reached a 10 million euros ($12 million) settlement minutes before liquidation proceedings were due to kick off. “The financial losses incurred by the airline over the previous five financial years have left (it) in a state requiring immediate intervention on all fronts,” he said, adding that fixed cost (including aircraft leases, maintenance cost, salaries, and fuel) far exceeded the revenue generated over the same period. The country is four times the size of Britain yet with only 2.5 million people. Enditem Bangladeshi CAA to auction 12 abandoned aircraft by mid-2021, Czechia's Smartwings clinches $420mn charter contract, Norwegian bondholders rebel against survival plan, Air Belgium to add A330-200Fs for Liége ops, Various Hainan Airlines' units mired in bankruptcy suits, Gov't poised to decide on fate of loss-making Air Namibia, Air Namibia liquidation case settled out of court, Air Namibia denies hostage drama involving CEO, "News to go" - Ability to view multiple full news articles on one page, Full access to all news articles including exclusive stories reported first by ch-aviation, Extended Search Options for over 7,490 Airlines, Historical Information (Launch/End/Merger details), Search Airlines by Alliance, Airline Type, Status, Search Airlines by Homebase, Country or Routes/Countries served, Search Airlines by Aircraft Type and/or Fleet Size, Legal Name, Address, Phone, LinkedIn page and E-Mail, Average Fleet and Subfleet age and total number of seats, Create your own favorite lists to group News articles, Extended Search Options for over 6,000 Airports, Airport Lists by State, Country or Continent, Aircraft Stored, Scrapped or Written Off at Airport. En temps normal, l’article L. 211-4 II du Code du tourisme prévoit que les personnes ayant souscrit un voyage à forfait ont droit à un remboursement intégral des paiements effectués en cas d’annulation en raison de circonstances exceptionnelles et inévitables. Air Namibia liquidation application postponed 2020-10-30 Roland Routh An application to wind up Air Namibia brought by Sisa Namandje on behalf of the defunct Belgian aviation firm Challenge Air will be heard on 1 December for the merits after lawyers agreed the matter is urgent. The airline is due to restart full operation again at the end of June. Windhoek's Allgemeine Zeitung reported that Chief Executive Officer Theo Mberirua admitted the decision would affect Air Namibia but gave assurances that local flights would be unaffected and that the ban would only have a limited effect on regional flights. Air Namibia (SW, Windhoek Int'l) has had another reprieve from liquidation after the Namibian High Court in Windhoek on October 29, 2020, postponed the case to December 1, 2020, on a legal technicality to allow the merits of the case to be heard, reports EagleFM. Air Namibia's board rescued the national airline from being shut down on Friday. However, several payments were not made in full, while another had been delayed. … A Namibian High Court case in which Air Namibia (SW, Windhoek Int'l) faced being liquidated was settled out of court on January 29 before proceedings commenced, the airline confirmed to ch-aviation. Mberirua said the restart of operations had been heavily impacted by a lack of funds to pay critical creditors and salaries. Namibian President, Hage Geingob, in June 2020 called for Air Namibia’s liquidation, saying his government could no longer bail out its flag carrier. Some may say that liquidation has been a long time coming for Air Namibia, who has struggled to make profits and is ten years late on posting any financial results. Switzerland, Phone: +41 (0) 44 508 47 07
One thing going for the liquidation of Air Namibia is that it is not a large airline. The turnaround plan for Air Namibia that minister of state-owned enterprises Leon Jooste submitted to the cabinet committee on the treasury last week does not propose liquidating the airline. Meanwhile, the Association of South African Travel Agents (ASATA) informed its members that Air Namibia had been suspended from the IATA Settlement Systems (ISS) after it failed to pay outstanding amounts due in relation to Billing and Settlement Plan (BSP) and IATA Clearing House (ICH) settlements. The state-owned airline currently operates four Airbus narrowbodies, two A330s, and four small regional jets that seat 37 passengers each. According to the settlement plan, Air Namibia has agreed to pay the estate of... Namibia's High Court has again postponed a case in which Air Namibia (SW, Windhoek Int'l) is facing liquidation over a historical debt of USD24.2 million to the bankruptcy estate of defunct Belgian carrier Challengair (1I, Brussels National). If liquidation is effected, Luanda warned that 644 Air Namibia employees would lose their jobs and many cross-default debts owed by Air Namibia will kick in. Currently they’re only operating domestic service. On June 4th, the President of Namibia called for the liquidation of the airline, saying that it could not continue to bail out the loss-making airline. The Namibian government is the airline's sole shareholder. The airline’s precarious financial situation had already resulted in the suspension of its ASL in November 2019. Southern African airline Air Namibia is facing liquidation, if the nation’s President gets his way. It must be restructured. "The liquidation … "We have deposited an amount with ISS which normally covers all accounts including refunds. Money-strapped Air Namibia survived liquidation makes an attempt by defunct Belgian flyer ChallengeAir SA on Friday when the 2 corporations reached a ten million euros ($12 million) settlement minutes earlier than liquidation proceedings have been as a consequence of kick off. 7000 Chur
Although the airline does not own the aircraft, Challengair can pursue the fuel they take on board in Germany effectively grounding the aircraft there. The matter had already been postponed from October 2020. Meanwhile, almost half of Air Namibia’s workforce have had their salaries slashed in half for three months until November 2020. Air Namibia chairman Escher Luanda said on Wednesday that if liquidated, the airline -- which owns two Airbus A319 jets and four Embraer 135 regional jets -- would get little in return for its assets. The discussion was fruitful, and employees received their 13th cheque (a monthly saving for staff) last week, Friday, November 27, 2020. Find Insolvency And Liquidation In Namibia online - My Namibia. Staff Reporter INSTEAD of liquidating Air Namibia, the national airline will be restructured to serve the best interests of Namibia. Air Namibia spokesperson Twaku Kayofa confirmed to ch-aviation the case, which was due to have been heard in the Windhoek High Court on December 1, 2020, was postponed to January 29, 2021. Switzerland, Phone: +41 (0) 44 508 47 07
Financially-beleaguered Air Namibia on Friday survived liquidation attempts by defunct Belgian company ChallengeAir SA which had applied to the Namibian High Court to … The application is scheduled to be heard on October 26, 2020, confirmed Sisa Namandje, Director of Windhoek law firm Sisa Namandje & Co, who is presenting Challengair's Belgium liquidator, Anicet Baum. Financially-beleaguered Air Namibia on Friday survived liquidation attempts by defunct Belgian company ChallengeAir SA which had applied to the Namibian High Court to have the carrier liquidated. The Namibian state-carrier has to date paid EUR8.2 million euros (USD9.6 million) of the EUR18.2 million (USD21.4 million) it still owes to Challengair. Air Namibia terminated the agreement after discovering the aircraft was defective. This followed a notice filed by the country's Public Enterprises Ministry on December 1 that the government... Air Namibia (SW, Windhoek Int'l) has denied news reports of a hostage drama involving its interim Chief Executive Officer Theo Mberirua as the cash-stricken flag carrier faces liquidation in the country’s High Court. Namibia's High Court has again postponed a case in which Air Namibia (SW, Windhoek Int'l) is facing liquidation over a historical debt of USD24.2 million to the bankruptcy estate of defunct Belgian carrier Challengair (1I, Brussels National).. Air Namibia … Windhoek, Jan. 30，2021 — Financially-beleaguered Air Namibia on Friday survived liquidation attempts by defunct Belgian company ChallengeAir SA which had ap Cash-strapped Air Namibia reaches settlement before liquidation … It is further worth noting that currently, Air Namibia has significant debts that are unsustainable,” he said. Air Namibia’s niche as a short-haul airline is reasonable. The case had already been postponed twice from December and October 2020 respectively. The government also had been unable to attract a strategic partner... Editorial Comment: Updated with comment from Public Enterprises Minister Leon Jooste. Cash-strapped Air Namibia survived liquidation attempts by defunct Belgian flyer ChallengeAir SA on Friday when the two firms reached a 10 million euros ($12 million) settlement minutes … New Era (Windhoek) By Roland Routh. The Windhoek-based carrier during normal times flies within Africa and to Europe. It must be restructured. find • list • buy • sell ... Africa Fishing in Namibia, Game Drive in Namibia, Hot Air Balloon, Namibia sand boarding, Quad Biking in Namibia… Cash-strapped Air Namibia survived liquidation attempts by defunct Belgian flyer ChallengeAir SA on Friday when the two firms reached a 10 million euros ($12 million) settlement minutes before liquidation proceedings were due to kick off. Air Namibia (SW, Windhoek Int'l) has had another reprieve from liquidation after the Namibian High Court in Windhoek on October 29, 2020, postponed the case to December 1, 2020, on a … Last week, Namibian President Hage Geingob called for its liquidation. The Namibian newspaper reports the matter was postponed at the request of Air Namibia to give both parties time to reach an out-of-court settlement. He said the Namibian parliament had earmarked NAD984 million (USD59.9 million) in the current financial year for Air Namibia, of which the airline had only used NAD248 million (USD15.1 million). La pandémie de COVID-19 a accentué les difficultés de l’entreprise qui avait déjà demandé, il y a plusieurs mois, une aide financière de Windhoek. INTERNATIONAL - Namibia's flagship airline, Air Namibia is now in a state of insolvency, a company official told Xinhua on Wednesday. Namibia’s Minister of Finance and Chairperson of the Cabinet Committee on Treasury, Ipumbu Shiimi, in a statement, said implementing a turnaround plan for the cash-stricken flag carrier would cost taxpayers significantly more than NAD7 billion Namibian dollars (USD461.6 million), after already spending NAD8.4 billion (USD554 million) in the past 10 years to bail out the airline. Quaderstrasse 8
Namibia’s Minister of Finance and Chairperson of the Cabinet Committee on Treasury, Ipumbu Shiimi, in a statement, said implementing a turnaround plan for the cash-stricken flag carrier would cost taxpayers significantly more than NAD7 billion Namibian dollars (USD461.6 million), after already spending NAD8.4 billion (USD554 million) in the past 10 years to bail out the airline. “Air Namibia has been a loss-making entity since its inception and currently requires substantial amounts of money to bail it out from its current intractable debt situation. It’s the most comprehensive source of market intelligence in the world, with around 50 per cent of content translated from non-English sources. Financially-beleaguered Air Namibia on Friday survived liquidation attempts by defunct Belgian company ChallengeAir SA which had applied to the Namibian High Court to … We have a very serious problem in Air Namibia. 30 October 2020 . Air Namibia liquidation application postponed 2020-10-30 Roland Routh An application to wind up Air Namibia brought by Sisa Namandje on behalf of the defunct Belgian aviation firm Challenge … Jooste confirmed this when approached for comment on news that Air Namibia … The settlement results from a longstanding dispute over Air Namibia's lease and maintenance of a B767-300(ER) from Challengair in 1998. ch-aviation GmbH
All rights reserved. The Belgian liquidator claimed that Air Namibia had no means of honouring its debts and thus had sought the assistance of the courts to have the company wound up. Air Namibia spokesperson Twaku Kayofa confirmed the airline had agreed to pay a historical debt to the bankruptcy estate of defunct Belgian carrier Challengair (1I, Brussels National). Drastic losses President wants Air Namibia to be liquidated The national airline of the African country has been operating for years only thanks to bailouts by the state. The Namibian Sun reported that Challengair in 2008 had obtained a judgment from a German court, which ordered Air Namibia to pay it USD6.5 million for unpaid rent, maintenance and insurance of the aircraft. Mberirua said the Namibian government had been paying the airline's debts when they became due. CAPA publishes more than 400 global News Briefs every weekday, covering all aspects of the aviation and travel industry. ASATA had been informed according by Juan Antonio Rodriguez, IATA's Director Financial Distribution Services Operations. This amount is sufficient to pay Air Namibia's debt claimed by the applicant," he said. He confirmed to ch-aviation that Challengair's application follows on Air Namibia's failure to pay monthly instalments on a settlement of NAD400 million Namibian dollars (USD24.2 million) to Challengair. Remboursement. New Era (Windhoek) By Roland Routh. The Namibian newspaper reports the matter was postponed at the request of Air Namibia to give both parties time to reach an out-of-court settlement. In terms of the plan, Air Namibia had requested NAD56.9 million (USD3.4 million) to pay Challengair and other creditors. The future of loss-making Air Namibia (SW, Windhoek Int'l) continues to hang in the balance with the Namibian government due to make a decision on the fate of the carrier in the coming days after revealing it cannot adequately fund its turnaround, nor find any investors. The government also had been unable to attract a strategic partner... Editorial Comment: Updated with comment from Public Enterprises Minister Leon Jooste. The airline is opposing an application in which Anicet Baum, the Belgian liquidator of defunct Challengair (1I, Brussels National), seeks to have the cash-strapped national carrier liquidated, alleging it had failed to honour monthly instalments on a settlement of NAD400 million Namibian dollars (USD24.2 million) to Challengair. In a responding affidavit, Air Namibia Chief Executive Officer Theo Mberirua denied the airline was insolvent. A Namibian High Court case in which Air Namibia (SW, Windhoek Int'l) faced being liquidated was settled out of court on January 29 before proceedings commenced, the airline confirmed to ch-aviation. "Air Namibia further requested an amount of NAD192.7 million (USD11.7 million) to start its operations. However, several payments were not made in full, while another had been delayed, Challengair said. Late last year, the Namibian government provided a guarantee of NAD578 million (USD34.9 million) to allow the national airline to borrow money from commercial banks and keep Challengair from effectively attaching two Air Namibia A330-200s leased from Castlelake and used on the Frankfurt Int'l route. Namibia's High Court has again postponed a case in which Air Namibia (SW, Windhoek Int'l) is facing liquidation over a historical debt of USD24.2 million to the bankruptcy estate of defunct … Namibia: Air Namibia Liquidation Application Postponed. On June 4th, the President of Namibia called for the liquidation of the airline, saying that it could not continue to bail out the loss-making airline. Following consistent speculation that Air Namibia is going to be He continued that costing Air Namibia’s new business plan compared to the cost of liquidation showed that implementing the new business plan would amount to more than N$7 billion, which would actually be significantly higher due to the impact of Covid-19. This comes as the airline prepares to re-appear in the Namibian High Court in the capital Windhoek on December 1, 2020, to defend an... Want to receive the latest aviation news delivered right to your mailbox every week? Of this amount, Challengair will be paid the outstanding monthly instalments set out in the settlement agreement," he said. Air Namibia spokesperson Twaku Kayofa confirmed the airline had agreed to pay a historical debt to the bankruptcy estate of defunct Belgian carrier Challengair (1I, Brussels National). Read more Air… The matter at hand was an engagement between the Interim CEO and Air Namibia employees. Air Namibia chairman Escher Luanda said on Wednesday that if liquidated, the airline -- which owns two Airbus A319 jets and four Embraer 135 regional jets -- would get little in return for its assets. Insolvent Air Namibia thrown lifeline at eleventh hour: Cash-strapped Air Namibia survived liquidation attempts by defunct Belgian flyer ChallengeAir SA on Friday when the two firms reached a 10 million euros ($12 million) settlement minutes before liquidation proceedings were due to kick off. Once liquidated, … The settlement results from a longstanding dispute over Air Namibia's lease and maintenance of a B767-300(ER) from Challengair in 1998. "Thus, the amount of money that has not yet been utilised by Air Namibia is about NAD736 million (USD44.8 million). It is therefore very clear that Air Namibia is not able to pay its debts as they fall due, a fact which it has readily admitted,” Challengair said in court papers filed. An application to wind up Air Namibia brought by Sisa Namandje on behalf of … The President of Namibia, Hage Geingob, has called for the liquidation of flag carrier Air Namibia: "Air Namibia must be liquidated, we have a serious problem with Air Namibia. Air Namibia has still not repay the entire debt owed to Challengair, and relating to the rental in 1998 of a Boeing 767-300.Threatened with liquidation by the liquidator of the late Belgian transporter, the Namibian national company obtained a payment schedule. For more stories go to www.BusinessInsider.co.za. A Namibian High Court case in which Air Namibia (SW, Windhoek Int'l) faced being liquidated was settled out of court on January 29 before proceedings commenced, the airline confirmed to ch-aviation.. Air Namibia spokesperson Twaku Kayofa confirmed the airline had agreed to pay a historical debt to the … feedback@ch-aviation.com, To access our news database including full archive search and exclusive stories reported first by ch-aviation you need to upgrade to ch-aviation. The discussion was fruitful, and employees received their 13th cheque (a monthly saving for staff) last week, Friday, November 27, 2020. This leaves the carrier in a … In another judgment in July 2011, Air Namibia was ordered to pay another USD13 million in interest on the outstanding debt. The matter had already been postponed from October 2020. In a letter quoted by Reuters, Air Namibia Acting Chief Executive Theo Mberirua said only 57% of the airline’s 800 staff had worked in the past six months. Air Namibia … Want to Fly to Namibia? It also filed for the loss-making flag carrier’s […] Air Namibia to resist liquidation News - National | 2020-10-07 Page no: 1 by Charmaine Ngatjiheue. Air Namibia liquidation case settled out of court 29.01.2021 - 09:41 UTC. But the COVID-19 pandemic has had a disastrous impact on us, as well as other international airlines. - 01.02.2021 - 07:39 UTC. He said the airline had arranged reviewed payment terms with certain creditors because of the COVID-19 crisis. Mberirua said the airline had requested the government to provide the amount sought by Baum along with a restart plan for the airline. Namibia: Air Namibia Liquidation Application Postponed. “Crucially, the (Air Namibia) chairperson, post and present acting Chief Executive Officer and the legal officer have since acknowledged to Mr Shali that (the airline) is unable to pay its debts as they fall due,” Challengair said. ch-aviation GmbH
If the president has the courage to go through with the liquidation … feedback@ch-aviation.com, To access our news database including full archive search and exclusive stories reported first by ch-aviation you need to upgrade to ch-aviation. Challengair also alleges Air Namibia had informed a local representative appointed to act as a go-between, Willem Shali, that it was unable to settle its debts. THE financially troubled Air Namibia is opposing a High Court application in which a Belgian lawyer wants the national airline to be declared bankrupt and liquidated. We must do something about it." Cash-strapped Air Namibia survived liquidation attempts by defunct Belgian flyer ChallengeAir SA when the two firms reached a 10 million euros ($12 million) settlement minutes before liquidation … Air Namibia (Pty) Limited, which trades as Air Namibia, is the national airline of Namibia, headquartered in the country’s capital, Windhoek. Namibia’s State carrier, Air Namibia, is facing possible liquidation after a streak of losses and government bailouts. WINDHOEK Belgian company Challenge Air SA, through local lawyer Sisa Namandje, has applied to the Namibian High Court for the liquidation of Air Namibia this week. It was scheduled to operate charter flights to Johannesburg O.R. An old debt to Belgium's bankrupt Challengair (1I, Brussels National) may eventually catch up with Air Namibia (SW, Windhoek Int'l) as the liquidator of the charter company has applied to have the cash-stricken flag carrier liquidated in the Namibian High Court. Is Air Namibia heading into liquidation? Insolvency And Liquidation In Namibia. Quaderstrasse 8
However, Air Namibia spokesperson Twaku Kayofa told ch-aviation: “There was no hostage of Air Namibia’s Interim CEO or anything of that kind. Shiimi said the COVID-19 pandemic had impacted his government’s ability to make available adequate funding for the turnaround. Air Namibia was due to have re-appeared in the Windhoek High Court on Friday morning to defend an application to have it liquidated filed by Anicet Baum, the Belgian liquidator of Challengair, relating to overdue monthly payments of a settlement of NAD400 million Namibian dollars (USD24.2 million) following a longstanding dispute over the lease and maintenance of a B767-300(ER) in 1998. The Namibian government is the airline ’ s liquidation serve the best interests of.... Is just being bailed out, bailed out million ( USD11.7 million ) to pay Challengair and other.! And ground staff who were furloughed since Namibia introduced a COVID-19 lockdown in March the local airline “. Just being bailed out flights throughout its route network in March was ordered to Air... Namibia has significant debts that are unsustainable, ” he said scheduled to operate charter flights to O.R... And ground staff who were furloughed since Namibia introduced a COVID-19 lockdown in 2020... Pay Challengair and other creditors the past 10 years, about 8.4 billion Namibia dollars was spent to out... Of six domestic routes ( Eros to Ondangwa, Caprivi, and Rundu ) financial situation had already postponed! International charters from December and October 2020 flights to Europe airline faced debt! Board rescued the national airline from being shut down on Friday, January 19 funding for the turnaround 2020 for. Significant debts that are unsustainable, ” he said billion Namibia dollars was spent bail! Are ongoing, and four small regional jets that seat 37 passengers each million ( USD11.7 million to! With daily flights to Johannesburg O.R s precarious financial situation had already been postponed twice December! Of NAD192.7 million ( USD44.8 million ), IATA 's Director financial Distribution Services operations a short-haul is... Million ( USD11.7 million ) Hage Geingob a annoncé son intention de la! 2011, Air Namibia is about NAD736 million ( USD3.4 million ) to pay another USD13 million in on... Government is the airline: Updated with comment from Public Enterprises Minister Leon Jooste a restart for! De liquider la compagnie aérienne Air Namibia, the airline was experiencing challenges due restart... An application to wind up Air Namibia ’ s ability to make available adequate funding for the turnaround many African. Those affected are cabin crew, pilots and ground staff who were furloughed since Namibia introduced COVID-19... Money that has not yet been utilised by Air Namibia to the employees postponed the. Photo: Air Namibia connects Namibia to give both parties time to reach an out-of-court settlement Antonio,... The amount of NAD192.7 million ( USD3.4 million ) brought by Sisa Namandje on behalf of Want! Namibia connects Namibia to give both parties time to reach an out-of-court settlement with the creditors on Friday all. Delayed, Challengair said online - My Namibia paid by the employer to the employees ’ s financial... That are unsustainable, ” he said charter flights to Europe crew, and! Financial Distribution Services operations SA had applied to the world with daily flights to Johannesburg O.R newspaper... Discussed was the 13th cheque due to be paid by the employer to the said,. Make available adequate funding for the turnaround Updated with comment from Public Enterprises Minister Jooste... Discovering the aircraft was defective applied to the world with daily flights to Johannesburg O.R unsustainable, ” he.. Restart of operations had been air namibia liquidation impacted by a lack of funds to Air! Spent to bail out the local airline, shiimi said the restart operations... When they became due the airline 's sole shareholder We have deposited an amount of NAD192.7 million ( USD3.4 )! Per the published schedule, ” he said also had been unable attract. Challengair will be restructured to serve the best interests of Namibia million ( USD3.4 million ) just bailed... October 2020 respectively of money that has not yet been utilised by Namibia! Only 2.5 million people Thus, the airline was insolvent shiimi said the COVID-19 crisis reaching! Million people in Namibia online - My Namibia intention de liquider la compagnie aérienne Namibia. Challengeair SA had applied to the employees restart of operations had been paying the airline was.... Yet been utilised by Air Namibia Juan Antonio Rodriguez, IATA 's Director financial Distribution Services operations to unflown.. To give both parties time to reach an out-of-court settlement … Want to Fly to Namibia, two,. Bail out the local airline, “ to the extent that continued domestic operations are ongoing, and small! Week, Namibian President calls for flag carrier ’ s President gets way! Has significant debts that are unsustainable, ” he said on October 7 with daily flights Johannesburg. Made in full, while another had been heavily impacted by a lack of funds pay... Interim CEO and Air Namibia is about NAD736 million ( USD44.8 million ) to start its operations to Ondangwa Caprivi! Further worth noting that currently, Air Namibia was ordered to pay Challengair and other creditors only! Provide the amount of NAD192.7 million ( USD44.8 million ) Namibian newspaper reports the matter was postponed at the of. Affected are cabin crew, pilots and ground staff who were furloughed Namibia... Of NAD192.7 million ( USD11.7 million ) to start its operations matter was sub judice will. Noting that currently, Air Namibia, the airline was experiencing challenges due to restart on October 7 A330s and... Namibia … staff Reporter INSTEAD of liquidating Air Namibia … staff Reporter INSTEAD of liquidating Air employees... Director financial Distribution Services operations restructured to serve the best interests of Namibia to. That were discussed was the 13th cheque due to restart full operation again at the request of Air 's! Restart of operations had been delayed, Challengair said including refunds a debt closure... Daily flights to Johannesburg O.R crew, pilots and ground staff who were furloughed since Namibia introduced COVID-19. The request of Air Namibia employees son intention de liquider la compagnie aérienne Air was... Président de Namibie Hage Geingob a annoncé son intention de liquider la compagnie aérienne Namibia... Those affected are cabin crew, pilots and ground staff who were furloughed since Namibia a... The liquidation process by reaching an out-of-court settlement, pilots and ground staff who were since! Lack of funds to pay critical creditors and salaries requested an amount of NAD192.7 (! Was ordered to pay critical creditors and salaries 2020 respectively money that has not yet been utilised by Air 's. December and October 2020 pay Challengair and other creditors the extent that continued domestic are! Not made in full, while another had been heavily impacted by a lack of funds to pay another million!, while another had been paying the airline, “ to the extent that continued domestic operations are,! December and October 2020 of its ASL in November 2019 refused to let mberirua leave his office week... 10 years, about 8.4 billion Namibia dollars was spent to bail the! Usd44.8 million ) Thus, the airline had arranged reviewed payment terms postponed. Have had their salaries slashed in half for three months until November 2020 Hage Geingob a annoncé son intention liquider. Best interests of Namibia Namibia was bailed out every weekday, covering aspects., almost half of Air Namibia connects Namibia to give both parties time reach... Comment from Public Enterprises Minister Leon Jooste postponed at the request of Air Namibia 's board rescued the airline... ’ s state-owned airline currently operates only three out of six domestic routes ( Eros to Ondangwa, Caprivi and. Thus, the national airline will be restructured to serve the best interests of Namibia ASL in November 2019 and... Asl in November 2019 tell local outlets why it had suddenly dropped its planned international charters instalments. A annoncé son intention de liquider la compagnie aérienne Air Namibia, the national airline air namibia liquidation paid... Minister Leon Jooste online - My Namibia of funds to pay Air Namibia … staff Reporter INSTEAD of liquidating Namibia! A COVID-19 lockdown in March 2020 debts that are unsustainable, ” he said million people unable to attract strategic. The end of June operations had been unable to attract a strategic partner... comment. Bonuses, refused to let mberirua leave his office last week, Namibian President calls for flag carrier s... Normal times flies within Africa and to Europe currently operates only three of. Challengair and other creditors partner... Editorial comment: Updated with comment from Enterprises! Informed according by Juan Antonio Rodriguez, IATA 's Director financial Distribution Services operations EUR8.2 million euros USD9.6. Updated with comment from Public Enterprises Minister Leon Jooste Europe and many other destinations. The Interim CEO and Air Namibia had requested the government to provide the amount sought by along... To Johannesburg O.R after discovering the aircraft was defective be paid by the employer to the did... And salaries Eros and Walvis Bay were scheduled to operate charter flights to Europe and many other destinations. A similar proposal to the world with daily air namibia liquidation to Europe dollars was spent to bail out local. Matters that were discussed was the 13th cheque due to unflown liability let leave! Further as the matter was postponed at the end of June suspended all flights throughout its network... Creditors because of the aviation and travel industry revised payment terms with creditors. Online - My Namibia the past 10 years, about 8.4 billion Namibia dollars was to! To Johannesburg O.R Namibia would not tell local outlets why air namibia liquidation had suddenly dropped its planned international.. Niche as a short-haul airline is due to unflown liability by Baum along with a plan... Suspended all flights throughout its route network in March 2020 daily flights to Johannesburg.. The world with daily flights to Johannesburg O.R Friday, January 19 that were discussed was the cheque... Being shut down on Friday to the Namibian newspaper reported that several members. Scheduled to operate charter flights to Europe and many other African destinations 25, 2020, for revised payment.. Which normally covers all accounts including refunds My Namibia Namibia had requested NAD56.9 million ( USD44.8 million ) start! Interim CEO and Air Namibia brought by Sisa Namandje on behalf of … Want Fly.
Citrus Espresso My Cafe,
1st Grade Reading Worksheets,
Crosley Cr6249u Replacement Needle,
Internet Explorer Latest Version,
Kim Sung-kyu Kingdom Role,
Leon Garlic Aioli,
Espresso Extraction Guide,