Belgium's Challengair starts seizing Air Namibia funds

Challengair (1I, Brussels National) has begun seizing funds belonging to Air Namibia (SW, Windhoek Int'l) as it seeks to fulfil a German court ruling in its favour. The defunct Belgian carrier was awarded EUR25 million euro (USD29 million) by courts in Paris (in 2011) and Munich (in 2015) as compensation for outstanding debts owed by Air Namibia for services such as maintenance, leasing dues, and insurance premiums that were part of a failed 1998 wet-lease agreement involving B767-300(ER)… (www.ch-aviation.com) Mehr...