Air Namibia to be liquidated

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Saw this on Facebook.



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Air Namibia ceases operations, gov't to announce liquidation​

Air Namibia TailsAir Namibia Tails© Air Namibia
10.02.2021 - 22:51 UTC
Air Namibia (SW, Windhoek Int'l) has announced the cancellation of all its operations, effective February 11, as the country’s government is poised to announce the voluntary liquidation of its flag carrier.
In a late-night notice on social media, Air Namibia announced that all its aircraft would be grounded and its reservations system suspended with no new bookings being accepted from February 11, 2021. Passengers have been advised to register claims for refunds.
Namibian news reports said the company’s 636 employees had been informed by their union representatives on February 10 that they would receive an ex gratia pay-out equal to 12-months’ salary, but not any benefits.
The government, the airline’s executive, and unions are to meet on Thursday to discuss the finer details of the liquidation.
This follows the resignation of the airline’s board on February 3, after the government did not oppose an application in the Namibian High Court to have the airline liquidated led by the estate of former Belgian lessor Challengair (1I, Brussels National). Lawyers representing both parties had reached an 11th-hour out-of-court settlement for EUR9.9 million (USD11.9 million), but without the apparent support of government, who said it could not afford to bail out the airline, nor had it managed to find it a strategic equity partner.
At the time of its collapse, Air Namibia's fleet entailed three A319-100s (of which one is leased from Deucalion Aviation Funds), two A330-200s (both leased from Castlelake), four EMB-135ERs (owned), and one B737-500 (owned).

About Air Namibia​

 

Nothing on their site, shows as normal, but found this. Not shut down. Or? Maybe? This is a week or so old, so maybe not accurate.
 
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Will SAA be far behind?
 
Say it ain't so, Brickburn.........but I've got a bad feeling about this one..............FWB
 
“you can‘t get there from here”....hope it Is not the case.
 
I hear that Westair a private company not affiliated with any govt might Take over air Namibia’s routes.
 

Nothing on their site, shows as normal, but found this. Not shut down. Or? Maybe? This is a week or so old, so maybe not accurate.

Air Namibia_2.jpg


Government is expected to announce the voluntary liquidation of Namibia's national airline on Thursday leaving 636 staff members unemployed.
Air Namibia's workers NBC Online spoke to said they were informed today that they will receive a basic salary for the next 12 months but will not receive any benefits.
Some workers will not even have to go into the office tomorrow morning.
Others will wrap up as soon as clients have been informed of the liquidation and that flights have been grounded.
On 29 January, lawyers representing Air Namibia and Belgian company ChallengeAir SA, who applied to the Namibian High Court to have the carrier liquidated, reached an agreement shortly before the liquidation proceedings were to start in the High Court in Windhoek.
The board resigned on 3 February.


Et5NL8BXcAQxRg3.jpg


JUST IN: The Air Namibia management has announced the airline will cease operations tomorrow, leaving over 600 employees without jobs following a Cabinet decision to file for voluntary liquidation.
 
I hear that Westair a private company not affiliated with any govt might Take over air Namibia’s routes.
Westair list's flight's to Rundu which would be close to the western area of the Caprivi, this Covid crap is great !!
 

Air Namibia is going out of business​

Per a public notice, Air Namibia will be ceasing operations, and the airline plans to enter voluntary liquidation.

As of Thursday, February 11, 2021, Air Namibia will be canceling all flight operations, with aircraft returning to base. The reservations system for taking new bookings has also been suspended.

Unfortunately Air Namibia had been losing money for years, even pre-pandemic. Air Namibia’s liquidation will lead to over 600 job losses — employees will stop getting benefits effective immediately, though they will receive one year of severance pay.

Air Namibia’s fleet consisted of 10 planes, including two A330s, four A319s, and four ERJ135ERs. While the airline primarily operated domestic and regional services, I’ve long been fascinated bythe flag carrier’s one long haul route, between Windhoek and Frankfurt.

We’ll see what the future holds for Namibian aviation:


  • The Frankfurt to Windhoek route is also served seasonally by Condor, so there’s still a way to fly nonstop between the two countries
  • Westair has been increasing domestic service within Namibia, and will only continue to grow, so could potentially take over much of Air Namibia’s network
  • We’ll see if another airline steps in to offer regional services; maybe Ethiopian Airlines will step up service to & from Namibia

An interesting opportunity for Southwest Airlines​

This might sound random, but Southwest Airlines potentially has something to gain from Air Namibia going out of business. As noted by Live and Let’s Fly, Southwest Airlines’ two letter IATA code is “WN,” though the airline has always wanted the code “SW.” Unfortunately for Southwest, that code was already being used by Air Namibia, which is an older airline.

Southwest Airlines has tried several times in the past to get Air Namibia to change its code so that the airline could take it over, but didn’t have any luck. With Air Namibia liquidating, this might finally be Southwest Airlines’ chance to get the “SW” code.

I’ll be curious to see how quickly we see developments on this front.

Bottom line​

It’s sad to see yet another flag carrier cease operations. In this case Air Namibia is going out of business, and over 600 jobs will be lost as a result. While Air Namibia’s international network can quite easily be replaced by other airlines, this leaves a big gap in domestic aviation, so we’ll have to see how that plays out.

This also presents an opportunity for Southwest Airlines, as the airline has long wanted the “SW” IATA code, but it was taken by Air Namibia. Let’s see if the airline can get the code now.
 

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