Lawyers to attach Air Nam assets this Friday

With liquidation unlikely to be completed before tomorrow amidst political bickering, Challenge Air lawyers plan on attaching the national airline’s assets, unless N$107 million is paid by tomorrow.

17 February 2021 | Transport



Air Namibia has not yet officially filed for liquidation as the airline awaits government’s formal decision on its future – amidst a political storm.

This is according to interim CEO, Theo Mberirua, who was tentatively tasked to ensure a voluntary liquidation resolution is registered with the Business and Intellectual Property Authority before tomorrow, 18 February.

Finance and public enterprises ministers Iipumbu Shiimi and Leon Jooste announced the planned liquidation of the airline last week, ending months of speculation.

The two ministers announced what they said was a collective Cabinet decision amid tough questions by fellow Swapo leaders who claim they were kept in the dark over this plan.

Jooste, in a communique last week, had ordered Mberirua to proceed with the liquidation of the airline by filing a CM100 form to start the process to end the airline’s operations.

Mberirua had, however, this week instructed managers to recall skeleton staff members back to work, as the company is deemed operational unless formally liquidated.

Speaking on developments at the airline, Mberirua yesterday told Namibian Sun that they were still waiting for an official and final position from government.

“We are still waiting for government to make a decision. For now, we are just proceeding… business as usual,” he said.

Geingob ‘not silent’

President Hage Geingob has been accused of throwing his ministers ‘under the bus’ after Swapo seemingly started gunning for Shiimi and Jooste following their joint press conference last week.

As head of both the ruling party and government, Geingob is perceived to be too quiet on the liquidation issue, leaving his ministers in the firing line.

This after Swapo allegedly ordered government to backtrack on the liquidation.

Presidential spokesperson Alfredo Hengari yesterday said the decision to liquidate had been made after consultations.

“The president is not quiet. The ministers serve under the delegated authority of the president and are there to communicate decisions and positions of the Namibian executive and government on sectoral issues,” he said.

Geingob, who is understood to have been spending time at his farm lately, had during the delivery of his State of the Nation Address last year quipped at the possibility of Air Namibia’s liquidation.

Payment due tomorrow

Jooste and Shiimi formally announced the liquidation last week, citing Air Namibia’s burdening debt amounting to N$2.5 billion and the airline’s inability to turn a profit since its establishment.

The liquidation also forms part of a move to protect the seizure of Air Namibia’s assets against a claim instituted by Belgian company Challenge Air over the lease of a defective Boeing 767 in 1998.

Challenge Air had successfully sued Air Namibia over the non-payment of the lease, maintenance and insurance of the aircraft. The Belgian outfit had also successfully applied for the liquidation of the airline.

Air Namibia must make a payment of N$107 million by tomorrow to avoid having its assets attached.

Similar News


TransNamib introduces cost-cutting system

17 hours ago | Transport

ELLANIE SMITWINDHOEKTransNamib expects its newly-developed train operation management system that to increase operational efficiency and cut costs.The Transportation Management System (TMS) will replace the TransNamib...

Govt owes Air Namibia N$4m in unpaid flight tickets

1 day - 03 March 2021 | Transport

OGONE TLHAGE WINDHOEKGovernment offices, agencies and ministries owe the bankrupt Air Namibia N$4.14 million in unpaid tickets.Of this, N$2.14 million is unlikely...

Uproar over Mberirua’s N$650k payout

2 days ago - 02 March 2021 | Transport

OGONE TLHAGE WINDHOEKAir Namibia’s interim CEO Theo Mberirua -who worked for the airline for just over eight months - will walk away...

Air Namibia pilots face bleak future

3 days ago - 01 March 2021 | Transport

FRANCOISE STEYNBERG WINDHOEKThe licences of at least 75% of Air Namibia’s pilots have expired,...

Govt silently files for liquidation

6 days ago - 26 February 2021 | Transport

OGONE TLHAGEWINDHOEKGovernment on Monday silently filed for the liquidation of beleaguered national airline Air Namibia despite a massive public outcry over the matter.Documents seen by...

Air Namibia pilots face bleak future

6 days ago - 26 February 2021 | Transport

FRANCOISE STEYNBERGWINDHOEKThe licences of at least 75% of Air Namibia’s pilots have expired, according to the Namibia Airline Pilots Association (NAPA).Speaking on ‘Kletskompas’, NAPA president...

History will vindicate us – Jooste, Shiimi

1 week ago - 24 February 2021 | Transport

OGONE TLHAGEWINDHOEKFinance minister Iipumbu Shiimi and public enterprise minister Leon Jooste are standing by a cabinet decision to liquidate Air Namibia.The ministers appeared on the...

Nevonga tells ministers off in heated meeting

1 week ago - 23 February 2021 | Transport

STAFF REPORTER WINDHOEKIn a heated meeting mediated by Prime Minister Saara Kuugongelwa-Amadhila, Namibia Public Workers Union secretary-general Petrus Nevonga yesterday accused ministers...

No Challenge Air N$107m payment as deadline lapses

1 week ago - 19 February 2021 | Transport

OGONE TLHAGE WINDHOEKLawyers of Belgian company Challenge Air said as of yesterday afternoon, they had neither received payment nor communication from Air...

Cabinet unshaken by liquidation demos

2 weeks ago - 18 February 2021 | Transport

STAFF REPORTER WINDHOEKCabinet is not retreating on its decision to liquidate Air Namibia, a...

Latest News

FirstRand Nam’s profit dives 9.4%

7 hours ago | Business

Jo-Maré Duddy – Locally-listed FirstRand Namibia reported a profit of about N$564.9 million for the six months ended 31 December 2020, a drop of some...

Letshego Nam takes N$60-mln profit...

7 hours ago | Business

Jo-Maré Duddy – Locally-listed Letshego Holdings Namibia reported a profit of about N$341.4 million for the year ended 31 December 2020, a drop of nearly...

Otjikoto sitting on a gold...

17 hours ago | Business

Jo-Maré Duddy – B2Gold’s Otjikoto mine is expected to reach record-level production this year and through to 2024, the Canada-based low-cost international senior gold producer...

Mining survey: Chamber hits back

17 hours ago | Business

PHILLEPUS UUSIKU Too few responses have skewed Namibia's performance on the 2020 Fraser Institute Survey of Mining Companies, tarnishing its image as an attractive investment...

‘Not up to you’

17 hours ago | Education

TUYEIMO HAIDULA ONGWEDIVA Higher education minister Itah Kandjii-Murangi says institutions of higher learning...

Sioka in hot water over...

17 hours ago | Ministries

JANA-MARI SMITH WINDHOEKThe clock is ticking for child welfare minister Doreen Sioka who has less than a month to present a...

Corruption - A social disease...

17 hours ago | Columns

Johan CoetzeeGiven ongoing media articles about governance, manifested in contraction of investment and increasing unemployment, it is appropriate to reflect on several trends covering several...


17 hours ago | Opinion

The phony attempts by mainly men in the National Unity Democratic Organisation (Nudo) to undermine its president Esther Muinjangue will only further dissuade women from...

Drought policy in review to...

17 hours ago | Agriculture

ELLANIE SMIT WINDHOEKThe agriculture ministry is in the process of reviewing the country’s drought...

Load More