Africa

Air Namibia Refutes Liquidation Reports

Air Namibia A319
Air Namibia A319 | Tis Meyer

Air Namibia said on Monday that there is no decision taken by the Government of the Republic of Namibia or the Board to close the airline, nor is there any pending application for its liquidation. 

“As a business that is in operation, the airline procures goods and services continuously. Services and goods acquired must be paid for in line with the terms of conditions of the suppliers. This process results in situations where at times the airline falls behind with the payment of some of the invoices, as it is with any normal business entity,” the airline said in a statement. “In cases where some invoices are in arrears, the airline has entered into payment arrangements with the relevant suppliers.”

The Namibian national airline is also receiving assistance from its shareholder as per the budgetary provision and allocation as announced at the beginning of the current financial year.


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