Long wait for Air Nam severance pay

OGONE TLHAGE WINDHOEK Former employees of defunct airline Air Namibia will have to wait until liquidators Bruni and McLaren have sold enough assets to be able to pay out severance packages.Air Namibia’s 696 former employees are owed N$105 million, which must be raised from the sale of its assets which include two Airbus A319, four Embraer 135 regional jets and an office building.Providing an update on the state of the airline’s liquidation process, public enterprise minister Leon Jooste said the severance payment was the responsibility of Bruni and McLaren.“The liquidators will pay this as soon as enough assets are sold to enable them to do so,” he said.Government had in the meantime honoured its obligation to pay N$278 million reserved for ex-gratia payments to staff of the defunct airline, Jooste said. CreditorsFormer employees still have to contend with the fact that the Namibia Airports Company is owed N$700 million by the airline. Another big creditor, the Receiver of Revenue, is owed N$789 million.Other creditors include engine manufacturer Aerospace Rolls Royce, which is owed N$149 million, German law firm Herfurth, owed N$145 million, aircraft maintenance service provider Lufthansa Technik, owed N$90 million, the Namibia Civil Aviation Authority, owed N$76 million, air traffic control service provider Asecna, owed N$73 million, and fuel provider Engen Namibia, owed N$22.9 million.Jooste had previously informed Namibian Sun that no creditor would enjoy preference over the other.“Air Namibia has provisionally been wound up by the High Court and voluntary by creditors by way of special resolution. These two processes are running concurrently. No creditor will enjoy any advantage over another,” he said of the competing claims against the airline.

Long wait for Air Nam severance pay

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Namibian Sun 2025-09-18

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Long wait for Air Nam severance pay

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Namibian Sun 2025-09-18

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