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Having failed in their attempt to recoup EUR9.9 million euros (USD12 million) from Air Namibia (SW, Windhoek Int'l) before it was liquidated, creditors of defunct Belgian carrier Challengair (1I, Brussels National) are now going after its former parent, Namibian rail company TransNamib Holdings.

Challengair's liquidator Anicet Baum, via his Namibian lawyer Sisa Namandje, has issued a letter of demand to TransNamib for the same amount, failing which he will apply for the railway parastatal's liquidation in the Namibian High Court, reports The Namibian newspaper.

The debt harks back to a settlement over outstanding lease payments of a B767-300(ER) in 1998. Air Namibia at the time was a subsidiary of TransNamib. On April 1, 1999, that subsidiary was transferred to the then newly established company Air Namibia Pty (Ltd).

"This letter accordingly serves as a demand [...] of payment of the total outstanding amount currently standing at the amount of EUR 9,863,053.04 (USD 677,997.82) within 15 days of receipt of this letter of demand, failing which you shall be deemed to...

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