11 February 2021 | Transport
OGONE TLHAGE
WINDHOEK
Cabinet has approved the voluntary liquidation of Air Namibia, and a three-person board of directors has been appointed to help safeguard the airline’s assets from being attached in case of failure to pay Challenge Air N$107 million next week.
Lawyer Norman Tjombe, businesswoman Hilda Basson-Namundjebo and economist James Cumming have been appointed in part to assist interim CEO Theo Mberirua in ensuring the airline’s assets are protected.
“All efforts must be made to protect the assets of the company,” public enterprises minister Leon Jooste wrote yesterday.
“The resolution must be registered by the Business and Intellectual Property Authority (for voluntary liquidation) before 18 February to ensure that Challenge cannot attach any Air Namibia assets,” the minister further wrote.