liquidation Archives - Airspace Africa

Tchadia Airlines Liquidated after recording a Stream of losses

Victor Shalton Odhiambo — Wed, 10 Aug 2022 14:15:17 +0000

With less than four years after inaugurating its operations, Chad’s national airline Tchadia Airlines launched as a joint venture with Ethiopian Airlines is no more. This is after the company’s shareholders decided to throw in the towel at a general meeting in July 2022, announcing that on August 4 its dissolution and its liquidation. Following [...]

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Air Seychelles reduces debt burden in latest restructuring effort

Victor Shalton Odhiambo — Mon, 31 Jan 2022 20:43:21 +0000

Air Seychelles (HM) has come to an agreement with key stakeholders to pay only one-third of its debt as it seeks to restructure its debt and emerge from bankruptcy under the government stewardship. State-owned Seychelles News Agency, quoted the airline’s administrators, saying the flag carrier will pay US$27.8 million out of its US$76 million initial [...]

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South African Airline to Buy Defunct Air Namibia’s Assets for $94 Million USD

Victor Shalton Odhiambo — Mon, 24 Jan 2022 12:02:22 +0000

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 [...]

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