Inside Air Namibia’s liquidation headache

By Hilary Mare

THE cost of liquidating troubled national flagship airline, Air Namibia is estimated to cost government in excess of N$5 billion, Confidente has been reliably informed.

This hefty bill is calculated as monies that will be due to creditors, some of which are guaranteed by government that they will get their money if the airline goes under the hammer.

Recently, Confidente reported that the Cabinet Committee on Overall Policy and Priorities (CCOPP) which is poised to make a decision on the future of Air Namibia has asked responsible authorities to investigate and present detailed costs of either going ahead with the current airline, starting a new airline or liquidating Air Namibia.

For full story read this week’s edition