Airline

Air Namibia lessor agrees to settlement

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Air Namibia lessor agrees to settlement

Air Namibia managed to avoid liquidation proceedings on Friday January 19 by reaching an out-of-court settlement with a lessor creditor. The airline owed 253-million Namibian Dollars (R253m) for an aircraft it had leased more than 20 years ago. In 1998, Belgian aircraft leasing company ChallengeAir ...

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