Air Namibia liquidated, gov't negotiates debt with lessors

The Namibian government has confirmed it is negotiating settlement terms of NAD2.3b Namibian dollars (US$154m) owed to Castlelake for two A330-200s that were leased by the now-defunct Air Namibia, reports the Namibian Sun. Public Enterprises Minister Leon Jooste confirmed: “We are in the process of negotiating a settlement,” but declined to provide further details. The Namibian state-carrier was formally liquidated on March 26, 2021, after no opposing papers were filed against a liquidation application brought by the Namibia Airports Company (NAC). The national airline had owed NAD714m to the NAC in outstanding aeronautical and ground handling charges. The airline had been in provisional liquidation since February 26, 2021.<br/>