In a surprising twist in the liquidation case of bankrupt Air Namibia, the liquidators are expected to accept a NAD1.4 billion ($94 million USD) offer from South African airline, BDS Airways which is reportedly ready to acquire 100% of Air Namibia’s assets, according to media outlet The Namibian.
In November last year, the South African start-up airline BDS Airways submitted a N$3.2 billion ($214.9 million USD) offer to buy Air Namibia’s assets.
The company’s offer submitted to liquidators Bruni & McLaren, entailed N$1.5 billion ($100.7 million USD) being readily available to cater for payments to the airline’s creditors.
The offer was however withdrawn.
This year, BDS chairman Sabelo Williams wrote to Air Namibia’s liquidators, David Bruni and Ian McLaren again proposing to purchase 100% of the liquidated airline’s assets.
The liquidators Bruni and McLaren on Wednesday last week wrote to the Pilots Association of Namibia’s Heino Jakob notifying him that they have received an offer from BDS Airways and that they intend to accept the offer.
“The previous offer was withdrawn,” the liquidators said in the letter. However, no reasons have been provided regarding the withdrawal.
Last year, Namibia’s Public Enterprises minister Leon Jooste said the government was no longer involved in matters to do with the now defunct airline.
“Air Namibia is under liquidation and the shareholder has no further involvement at all. The liquidators are legally bound to sell assets to pay the employees their severance packages and then after that the creditors,” he said.
