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Xinhua world economic news summary at 1030 GMT, Sept 4

Xinhua world economic news summary at 1030 GMT, Sept 4
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Namibia expects to raise over 210 mln USD during public offering of telco MTC shares

Namibia expects to raise over 210 mln USD during public offering of telco MTC shares
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Air Namibia calls it quits

Air Namibia calls it quits February 12, 2021 Decision to shut down 75-year-old airline follows the carrier’s board’s resignation on February 3 Air Namibia’s fleet entailed four A319-100s, two A330-200s, four EMB-135ERs, and one inactive B737-500 75-year-old Air Namibia has announced the cancellation of all its operations with all its aircraft grounded immediately. Its reservations system was suspended with no new bookings being accepted from February 11, 2021. Passengers have been advised to register claims for refunds. The troubled carrier that had been losing money for years, even before the COVID-19 pandemic, announced that it plans to enter voluntary liquidation.

Theo mberiruaJames cummingHilda basson namundjeboNorman tjombeAir namibiaஜேம்ஸ் கம்மிங்அேக நமீபியா

Sisa Namandje threatens TransNamib if Air Namibia doesn t keep Challenge Air agreement

Thursday, 11. February 2021 - 18:29 Photo credits: NAMPA Lawyer Sisa Namandje has written to the Air Namibia interim chief executive officer (CEO), Theo Mberirua to comply with and adhere to the court order which was handed down on 29 January. The national carrier and Challenge Air reached an out of court agreement where Air Namibia agreed to pay 9,9 million Euros (over N$177 million). In the letter, Namadje is also asking Mberirua to confirm if the liquidation is a ploy to avoid the agreement. Namandje, who represents Challenge Air, wants Air Namibia to comply with the court order before 18 February. The company also threatened to take execution and enforcement steps against TransNamib in the event of Air Namibia not complying to the agreement.

Sisa namandjeTheo mberiruaAir namibiaLawyer sisa namandjeChallenge airNamibia broadcastingNamibia broadcasting corporationRadio streamingOnline advertisingMonika kalondoNamibian newsஅேக நமீபியாசவால் அேகநமீபியா ஒளிபரப்புநமீபியா ஒளிபரப்பு நிறுவனம்வானொலி ஸ்ட்ரீமிங்

Air Namibia board resigns, blasts Jooste - Transport

04 February 2021 | Transport HE SAID, SHE SAID: The board of directors of Air Namibia has accused government of gross interference. PHOTO: NAMPA OGONE TLHAGE WINDHOEK Less than a week after committing Air Namibia to a last-ditch settlement agreement worth N$178 million, which the shareholder claims to not have endorsed, all four of the national airline’s board members tendered their immediate resignations yesterday. They are Escher Luanda, Heritha Muyoba, Willy Mertens and presidential pilot Alois Nyandoro. Last Friday, the board reached a last-minute settlement agreement with Belgian company Challenge Air, which applied to the High Court for the liquidation of Air Namibia.

Leon joosteTheo mberiruaEllanie smitwindhoekthe namibia airports companyEllnanie smitwindhoekthe lufthansa groupAir namibiaNamibia civil aviation authorityEscher luandaLufthansa groupFrankfurt lufthansaBroads authorityChallenge airNamibia airports companyஅேக நமீபியாநமீபியா சிவில் விமான போக்குவரத்து அதிகாரம்எஶர் லுவாண்டாலுஃப்தான்சா குழு