Namibia: Govt Cuts Deal On N$2,5b Air Nam Lease Debt ‍[Namibia | AllAfrica

Namibia: Govt Cuts Deal On N$2,5b Air Nam Lease Debt
‍[Namibian] MINISTER of public enterprises Leon Jooste says the government has struck a deal with American aircraft lessor Castlelake to reduce the N$2,5 billion debt owed by the now-defunct Air Namibia.
Although Jooste could not give the actual discount agreed on by the two parties, he revealed they are in the final phase of making the arrangement.
The liquidated airline's debt stemmed from renting two Airbus A330 aircraft before cancelling the deal prematurely due to the unviability of the company.
"We have bee
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