LAWYERS for Challenge Air were successful in their bid to recover money owed to them by Air Namibia after a High Court Judge granted a writ of execution order to attach Air Namibia’s moveable properties and goods, to allow for its auctioning and ultimately secure payment of N$107 million.
This is after the government failed to meet the Thursday deadline to pay the first instalment of N$107 million to Challenge Air as ordered by the High Court.
The airline was ordered to pay a total of N$9.9 million Euros, which is approximately over N$160 million.
This is amidst the government’s attempts to liquidate the airline before the due date of payment, which according to reports have failed as the government could not de-register the airline on time.
“You are hereby directed to attach and take into execution the moveable property and goods of Air Namibia Properties Limited of No. 27-29, at Dr Kuls Street, Windhoek. The attached moveables should be auctioned to raise 5,8 million Euros. The interest accruing from the 5,8 million Euros will be calculated at the rate of 20% effective 29 January 2021 until the debt is paid up.” the court order reads.