Attempt To Seize Air Nambia's Assets Over 1998 Boeing 767 Debt
Advertisement: February is going from bad to worse for Air Namibia. Having had to cease operations last week, the former Namibian national airline now finds itself in a fresh spot of bother. Specifically, attempts are being made to seize the Windhoek-based carrier’s assets. The matter dates back to unpaid debt that it incurred after leasing a Boeing 767 in the late-1990s. Air Namibia had operated long-haul flights to European destinations such as Frankfurt using Airbus A330s. Photo: Oliver Holzbauer via Flickr $17 million of unpaid debts Reuters reported earlier today that a Belgian credito...
Source: simpleflying.com