Challenge Air – Windhoek Observer

06 May

Air Namibia’s liquidator finalised … as creditors gun for N$895m

ObserverObserver MoneyAir Namibia, Bruni & Mclaren, Challenge Air, Namibia Airports Company (NAC), Paragon Investment Holdings

Andrew Kathindi Bruni & Mclaren were appointed final liquidator of Air Namibia at a meeting held at the Masters of the High Court on Wednesday morning. The serial liquidators were previously appointed on a provisional basis. This was the first meeting between Air Namibia and creditors after the airline’s liquidation was finalised last month by Acting High Court Judge, Kobus Miller, after the Namibia Airports Company (NAC), who are Air Namibia’s biggest creditor, had filed an application. The purpose of Wednesday’s meeting was to consider the statement of affairs (a legal document listing the assets and liabilities of the Airline…

12 Feb

Jooste calls Sisa’s bluff

ObserverObserver MoneyAir Namibia, Challenge Air, Public Enterprises minister Leon Jooste, Sisa Namandje, TransNamib

Andrew Kathindi Public Enterprises Minister, Leon Jooste, has dismissed threats by Challenge Air representative, Lawyer Sisa Namandje, to seize assets of state-owned TransNamib, if government proceeds with the voluntary liquidation of Air Namibia. According to Namandje the Arbitration Awards made on 6 August, 2008 and 4 August, 2011 in Europe, were jointly against Air Namibia and TransNamib. Air Namibia was incorporated into TransNamib up until the late 1990s, which was around the time when the airline entered into the lease agreement with Challenge Air. “I saw the letter that was circulated today. We discussed this with TransNamib some time ago…

05 Feb

Deal still on – Sisa

ObserverObserver MoneyAir Namibia, Challenge Air, Namibia Transport and Allied Workers Union (NATAU), Public Enterprises ministry, Sisa Namandje

Andrew Kathindi Lawyer Sisa Namandje maintains the contentious last minute deal struck between his client, Challenge Air and Air Namibia remains valid despite government distancing itself from the arrangement and the carrier’s board resigning en masse. “They must just pay as ordered by court. If they don’t pay, we will sell the planes and other things. The court order says that once they have not paid, we will execute immediately,” Namandje told Windhoek Observer. According to terms of the deal which was agreed upon by the Air Namibia board, the airline will move ahead to settle its N$182 million debt,…

02 Feb

Govt seeks legal opinion over Air Namibia deal

ObserverObserver MoneyAir Namibia, Challenge Air, Covid-19

Staff Writer Ministry of Public Enterprises has requested a legal opinion regarding Air Namibia’s last minute settlement agreement reached with Belgian company, Challenge Air, which is alleged to have been concluded without its approval. The government is considering the consequences of the agreement, which might require treasury to fund the multimillion dollar deal or provide guarantees. “I have requested a legal opinion and we are looking into what transpired last week. We will only be able to pronounce ourselves once this is concluded,” Public Enterprises minister, Leon Jooste told the Windhoek Observer. This is amid concern that the airline, which…