THE financially troubled Air Namibia is opposing a High Court application in which a Belgian lawyer wants the national airline to be declared bankrupt and liquidated.
The airline has given notice that it will be opposing an application for its liquidation, which was filed at the High Court late last week.
In the application, Belgian lawyer Anicet Baum, liquidator of the company Challengair, is claiming that the airline is insolvent as it is unable to pay its debts, and is asking the court to order that it should be wound up.
Baum says Air Namibia acknowledged in a settlement agreement with him in December last year that it owed Challengair an amount of 18,2 million euro (about N$350 million), which it undertook to repay in instalments un…
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