Namibia closes state-owned Air Namibia citing big losses sfchronicle.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sfchronicle.com Daily Mail and Mail on Sunday newspapers.
NAC circles above Air Namibia
2021-03-01
This follows an application by the Namibia Airports Company (NAC) for compulsory liquidation.
Windhoek High Court acting Judge Kobus Miller issued an order to show cause to allow interested parties to give reasons why Air Namibia should not be liquidated and placed in the hands of the Master of the High Court on or before 26 March. According to an affidavit by NAC CEO Bisey /Uirab, the airports company, as well as Challenge Air, should receive preference over other creditors in the winding-up process. He further said the airline owes NAC close to N$714 million for aeronautical services, ground handling service and rental at various aerodromes across Namibia.
Defunct Belgian airline moves to seize Air Namibia s assets businesslive.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesslive.co.za Daily Mail and Mail on Sunday newspapers.
Creditor moves to attach Air Namibia s assets after cash-strapped airline misses payment deadline - World News sina.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sina.com Daily Mail and Mail on Sunday newspapers.