Page 24 - Air Namibia News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Air Namibia has halted all flight operations as from Thursday, 11 February. In an urgent notice to all stakeholders the management said all of its aircraft will be grounded at its base. No new bookings can be made and passengers with existing tickets can register for refunds. The Namibian Cabinet has since approved the voluntary liquidation of Air Namibia, The Namibian Sun announced on Thursday. Earlier this month the board of the airline resigned and three new appointees will oversee the process going forward. Air Namibia has a debt payment of more than N$104 million due to a European credit...

By Reuters Staff (Recasts with government liquidation, adds quote) WINDHOEK, Feb 11 (Reuters) - Debt-laden Air Namibia, which cancelled all flights earlier on Thursday, has been placed into voluntary liquidation, Finance Minister Iipumbu Shiimi said, calling the state-owned airline “unsustainable”. Government said it had considered all other options, which included potential investment from other airlines and turnaround strategies, before it decided to file for liquidation. “The country’s economy, can no longer afford to perpetually provide financial support to Air Namibia at the expe...

11 February 2021 | Transport OGONE TLHAGE WINDHOEK Cabinet has approved the voluntary liquidation of Air Namibia, and a three-person board of directors has been appointed to help safeguard the airline’s assets from being attached in case of failure to pay Challenge Air N$107 million next week. Lawyer Norman Tjombe, businesswoman Hilda Basson-Namundjebo and economist James Cumming have been appointed in part to assist interim CEO Theo Mberirua in ensuring the airline’s assets are protected. “All efforts must be made to protect the assets of the company,” public enterprises minister Leo...

Cabin crew union condemns closure of Air Namibia   THE Namibia Cabin Crew Union (NCCU) has condemned in the stringers terms the voluntary liquidation of Air Namibia and expressed that the national airline can only be closed through a referendum signed by the Namibian people.   Speaking at a press briefing today, the president of the NCCU, Reginald Kock, suggested that the looming closure is well orchestrated.   “This was a sustained covert and conceited effort by a few individuals to collapse the airline for quick personal gain. Monopoly capital will not win today, it is only the Namibia...

Debt-laden Air Namibia cancelled all flights on Thursday and promised to refund customers, ahead of a government news conference on the national carrier's expected liquidation.