Defunct Belgian airline moves to seize Air Namibia’s assets
Challenge Air wants to seize Air Namibia’s headquarters after the state carrier failed to honour a €10m settlement
19 February 2021 - 17:57
Windhoek — Lawyers representing defunct Belgian airline Challenge Air moved on Friday to seize Air Namibia’s headquarters after the state carrier failed to honour a €10m settlement agreement reached in January to save it from liquidation.
Air Namibia survived liquidation attempts by creditor Challenge Air SA in January when the two firms reached the settlement agreement minutes before liquidation proceedings were due to kick off...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.