Govt orders Air Namibia to sort out mess
Govt orders Air Namibia to sort out mess

Govt orders Air Namibia to sort out mess

Ogone Tlhage
Air Namibia has been instructed by government to seek an amicable solution with liquidated Belgian firm Challenge Air SA, so that the national carrier's assets are not attached.

Challenge Air successfully brought a German court matter against Air Namibia, which was ordered to pay over N$360 million as well as an added amount of US$1 335 daily in respect of unpaid maintenance for the leasing of a defective Boeing 767 in 1998.

This follows a judgment on 12 January 2015 brought Challenge Air liquidator, Belgian attorney Anicet Baum, against Air Namibia and TransNamib, which was at the time the holding company of the airline.

Providing an update on the matter this week, Air Namibia spokesperson Paulus Nakawa said they were advised to seek an amicable solution.

“Air Namibia had engaged the shareholder [government]. The shareholder noted the matter and indicated that they shall consider the matter further, including through advice from the attorney-general,” said Nakawa.

“The shareholder has not committed to action with respect to the matter, but has in light of the fact that Air Namibia is a private entity, advised the airline to consider options aimed at resolving the matter in the interim.”

Attorney-general Albert Kawana, public enterprises minister Leon Jooste, transport minister John Mutorwa and finance minister Calle Schlettwein met with the Air Namibia management on Monday to discuss the implications of Challenge Air SA's lawsuit.





Jooste had informed Namibian Sun that the matter had been escalated to Kawana.

“The item has been referred to the attorney-general for an opinion and recommendations,” Jooste said.

The Munich Regional Appeal Court ruled on several payments Air Namibia had to make in respect of monies owed to Challenge Air, totalling - at today's exchange rate - in the region of N$360 million, with an added daily payment of US$1 335 in respect of unpaid maintenance.

Air Namibia had 30 days to lodge an appeal, but did not do so.

The attachment of Air Namibia's assets stems from this judgment.

Air Namibia was also warned that it could be barred from flying into Europe, while Challenge Air successfully retrieved N$10 million from its European banking accounts so far this year.

Air Namibia was also informed that the assertion that it does not have assets in Europe, “does not absolve Air Namibia from its legal obligation” arising from the German court judgement.

OGONE TLHAGE

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Namibian Sun 2024-04-23

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Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 310.27/OZ DOWN -0.0101 | Copper US$ 4.38/lb DOWN -0.0199 | Zinc US$ 2 785.50/T DOWN -1.71% | Brent Crude Oil US$ 86.34/BBP DOWN -0.0096 | Platinum US$ 901.83/OZ DOWN -0.0207 Sport results: Premier League: Fulham 1 vs 3 Liverpool | Aston Villa 3 vs 1 Bournemouth | Crystal Palace 5 vs 2 West Ham | Everton 2 vs 0 Nottingham Forest | Wolves 0 vs 2 Arsenal | Luton Town 1 vs 5 Brentford | Sheffield United 1 vs 4 Burnley LaLiga: Sevilla 2 vs 1 Mallorca | Real Madrid 3 vs 2 Barcelona | Deportivo Alaves 2 vs 0 Atletico Madrid | Almería 1 vs 2 Villarreal | Getafe 1 vs 1 Real Sociedad | Girona 4 vs 1 Cadiz | Valencia 1 vs 2 Real Betis | Rayo Vallecano 2 vs 1 Osasuna | Celta Vigo 4 vs 1 Las Palmas SerieA: AC Milan 1 vs 2 Inter Milan | AS Roma 1 vs 3 Bologna | Monza 1 vs 2 Atalanta | Salernitana 0 vs 2 Fiorentina | Torino 0 vs 0 Frosinone | Sassuolo 0 vs 3 Lecce | Hellas Verona 1 vs 0 Udinese | Empoli 1 vs 0 Napoli European Championships Qualifying: Middlesbrough 3 vs 4 Leeds United | Blackburn Rovers 1 vs 3 Sheffield Wednesday | Queens Park Rangers 1 vs 0 Preston North End | Norwich City 1 vs 1 Bristol City | Huddersfield Town 0 vs 4 Swansea City | Stoke City 3 vs 0 Plymouth Argyle | Cardiff City 2 vs 1 Southampton | Rotherham United 0 vs 0 Birmingham City | Sunderland 0 vs 1 Millwall FC | Watford 0 vs 0 Hull City | Leicester City 2 vs 1 West Bromwich Albion FA Cup: Coventry City 3 vs 3 Manchester United | Manchester City 1 vs 0 Chelsea English Championship: Middlesbrough 3 vs 4 Leeds United | Blackburn Rovers 1 vs 3 Sheffield Wednesday | Queens Park Rangers 1 vs 0 Preston North End | Norwich City 1 vs 1 Bristol City | Huddersfield Town 0 vs 4 Swansea City | Stoke City 3 vs 0 Plymouth Argyle | Cardiff City 2 vs 1 Southampton | Rotherham United 0 vs 0 Birmingham City | Sunderland 0 vs 1 Millwall FC | Watford 0 vs 0 Hull City | Leicester City 2 vs 1 West Bromwich Albion Weather: Katima Mulilo: 15° | 36° Rundu: 15° | 35° Eenhana: 17° | 36° Oshakati: 18° | 35° Ruacana: 17° | 35° Tsumeb: 18° | 33° Otjiwarongo: 17° | 32° Omaruru: 16° | 34° Windhoek: 15° | 29° Gobabis: 18° | 31° Henties Bay: 15° | 20° Wind speed: 23km/h, Wind direction: S, Low tide: 09:08, High tide: 03:09, Low Tide: 21:13, High tide: 15:31 Swakopmund: 15° | 17° Wind speed: 31km/h, Wind direction: SW, Low tide: 09:06, High tide: 03:07, Low Tide: 21:11, High tide: 15:29 Walvis Bay: 16° | 25° Wind speed: 34km/h, Wind direction: SW, Low tide: 09:06, High tide: 03:06, Low Tide: 21:11, High tide: 15:28 Rehoboth: 17° | 31° Mariental: 20° | 33° Keetmanshoop: 20° | 33° Aranos: 20° | 33° Lüderitz: 14° | 27° Ariamsvlei: 20° | 32° Oranjemund: 13° | 20° Luanda: 26° | 28° Gaborone: 20° | 32° Lubumbashi: 15° | 27° Mbabane: 16° | 25° Maseru: 12° | 26° Antananarivo: 16° | 27° Lilongwe: 16° | 29° Maputo: 20° | 29° Windhoek: 15° | 29° Cape Town: 16° | 22° Durban: 19° | 25° Johannesburg: 19° | 29° Dar es Salaam: 23° | 28° Lusaka: 17° | 30° Harare: 15° | 30° Economic Indicators: Currency: GBP to NAD 23.75 | EUR to NAD 20.49 | CNY to NAD 2.65 | USD to NAD 19.21 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.34 | EGP to NAD 0.39 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.73 | ZWL to NAD 0.04 | BRL to NAD 3.7 | RUB to NAD 0.2 | INR to NAD 0.23 | USD to DZD 134.12 | USD to AOA 832.83 | USD to BWP 13.88 | USD to EGP 48 | USD to KES 133.48 | USD to NGN 1230 | USD to ZAR 19.22 | USD to ZMW 25.8 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 73551.13 Up +0.26% | Namibian Stock Exchange (NSX) Overall Index 1526.82 Down -0.34% | Casablanca Stock Exchange (CSE) MASI 13302.28 Down -1.12% | Egyptian Exchange (EGX) 30 Index 28144.22 Down -1.67% | Botswana Stock Exchange (BSE) DCI Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 310.27/OZ DOWN -0.0101 | Copper US$ 4.38/lb DOWN -0.0199 | Zinc US$ 2 785.50/T DOWN -1.71% | Brent Crude Oil US$ 86.34/BBP DOWN -0.0096 | Platinum US$ 901.83/OZ DOWN -0.0207