Bell tolls for Air Nam

Air Namibia has been warned that its assets will be attached in the coming days.

02 September 2019 | Transport

Liquidated Belgian aviation firm Challenge Air SA says it is growing impatient at Air Namibia's failure to settle a N$400 million suit over the lease of a Boeing 767.

High Court Judge Thomas Masuku in July ruled that Belgian lawyer Anicet Baum, who is the sole curator of Challenge Air, can represent the company in a Namibian court in an ongoing dispute with Air Namibia and its former sister company TransNamib.

The firm is demanding that Air Namibia settle a legacy debt incurred during the lease of the aircraft in 1998. Air Namibia took delivery of the aircraft but subsequently terminated the lease agreement, leading to the eventual demise of Challenge Air in that same year.

It will not be the first time Air Namibia has its assets attached as a consequence of the lawsuit brought by Challenge Air. Late last year and even during the course of this year, Challenge Air managed to attach money generated by Air Namibia's Frankfurt-Windhoek flights, causing a cash crunch that disrupted the airline's operations in June and July.

Challenge Air was able to attach over N$10 million from Air Namibia's bank accounts, this publication reported in January.

Consequently, three Airbus A319 planes belonging to the airline were attached in South Africa and Cyprus in June because of non-payment for maintenance done on the aircraft.

Lawyer Sisa Namandje, who is representing the Belgian firm here in Namibia, says they are growing impatient and may attach Air Namibia assets in the coming days.

“We had enough of a debtor (Air Namibia) who acts as if its debts are precious and valuable stock in trade to bluff and boast around. So unless there is a settlement agreement in the next few days, we will have more of its assets attached,” Namandje said.

Air Namibia remained reserved on the matter when approached for comment. According to spokesperson Paul Nakawa, the airline is consulting the government.

“Air Namibia management and board, in consultation with its shareholder, are seized with the matter. Further announcement will be communicated in the normal course should settlement discussions ensue,” Nakawa said.

Air Namibia terminated its lease agreement with Challenge Air in July 1998 after discovering that the aircraft in question was defective. The two companies agreed to binding arbitration, with a hearing taking place in 2006 in London, England. In August 2008, the arbiter ruled against Air Namibia and TransNamib, CH Aviation reported.

Air Namibia's attempts to stave off payment to Challenge Air were delivered further blows in 2011 when a French arbitration court ruled in favour of Challenge Air. That was followed by a similar ruling by the Munich Regional Appeal Court.


Similar News


TransNamib gets N$2.5bn

1 hour ago | Transport

TransNamib CEO Johny Smith says Namibian and southern African development banks have approved funding of N$2.5 billion for the parastatal's ambitious business plan that was...

HKIA upgrades start, finally

3 weeks ago - 17 September 2019 | Transport

The handling capacity of Hosea Kutako International Airport will be doubled by a N$250 million project starting next week to eliminate congestion at Namibia's flagship...

Air Namibia appoints new board chair

1 month - 11 September 2019 | Transport

Existing Air Namibia board member Escher Luanda has been announced as the new board chairperson of the embattled national air carrier. Luanda was announced as...

NamPort 'within ambit of ECC'

1 month - 05 September 2019 | Transport

NamPort says no dust was generated by the transportation of manganese ore on uncovered rail wagons through Lüderitz to the harbour.The parastatal reacted to an...

Bell tolls for Air Nam

1 month - 02 September 2019 | Transport

Liquidated Belgian aviation firm Challenge Air SA says it is growing impatient at Air Namibia's failure to settle a N$400 million suit over the lease...

SA trucker strike called off?

1 month - 02 September 2019 | Transport

There seems to have been an agreement to halt the trucker strike that was slated to take place today in South Africa, according to a...

Illicit second-hand vehicles to be disposed of

1 month - 02 September 2019 | Transport

Cabinet has approved the disposal of illicit vehicles that were destined for the Namibian market without proper customs clearance.This will be done in accordance with...

Ehangano lyoChallenge Air lya loloka omaipopilo

1 month - 02 September 2019 | Transport

Ehangano lyomatukodhila lyoChallenge Air S.A. olya popi kutya itali vulu we okutsikila okwiidhidhimikila ehangano lyomatukodhila lyaNamibia lyoAir Namibia sho lya ndopa okufuta oshimaliwa shoomiliyona 400...

Okapale komatukodhila taka lukilwa Ya Toivo

1 month - 22 August 2019 | Transport

Otaku ka tulwa oshihongwathano shomukondjelimanguluko gwaNamibia, Herman Andimba Toivo Ya Toivo pokapale koondhila kaNdangwa.Shoka otashi ka ningwa nale nehangano lyoNamibia Airports Company (NAC) otali...

Airport will get Ya Toivo statue

1 month - 21 August 2019 | Transport

A statue of the late anti-apartheid stalwart Herman Andimba Toivo Ya Toivo will be erected at the airport in Ondangwa at a later stage.In the...

Latest News

Jooste tackles 'suspension culture'

3 days ago - 11 October 2019 | Government

Public enterprises minister Leon Jooste says some state-owned enterprises continue to defy a standing order that CEO and senior management suspensions should only take place...

Thank you Team Namibia!

3 days ago - 11 October 2019 | Opinion

As a super typhoon wreaks havoc on the unfolding Japan Rugby World Cup, it was announced yesterday that the final Pool B clash between Namibia...

Oshakati abattoir back in business

3 days ago - 11 October 2019 | Agriculture

The Oshakati abattoir, which was expected to provide relief to farmers in the northern communal areas (NCAs), has reopened but the quality of meat from...

Pupils suffer after freak wind

3 days ago - 11 October 2019 | Accidents

Over 300 Oniipa Primary School learners are being taught under trees after a strong wind blew off the roofing of eight classrooms.Wednesday's wind also caused...

Farming is a dying sector

3 days ago - 11 October 2019 | Agriculture

Namibian farmers should diversify their income away from livestock and crop farming and enter new sectors.This is the view of Vehaka Tjimune, the senior policy...

Inmate loses N$3.5m lawsuit

3 days ago - 11 October 2019 | Justice

Namibian prison services were absolved of any blame in a N$3.5 million lawsuit brought by a prisoner who accused medical officers at the Windhoek prison...

Going to the next level

3 days ago - 11 October 2019 | Art and Entertainment

There is no doubt in anyone's mind that actress Hazel Hinda has been on form, on killing every production she's been in for the last...

'It's been a long walk...

3 days ago - 11 October 2019 | Art and Entertainment

As part of her NAMA 2019 winnings, Lize Ehlers and a partner will be the lucky winners of a fully-paid trip to Thailand courtesy of...

Death of a genre

3 days ago - 11 October 2019 | Columns

I am so disappointed and irked by the way R&B is being let down in Namibia. At the moment I have no favourite Namibian R&B...

Load More