Camair-Co: Boeing Recovery Plan validated by Biya to be made public
US manufacturer Boeing will today attempt to answer some difficult questions on the fate of Cameroon’s national carrier, Camair-Co. Which economic model should be applied to Camair-Co, that has been on the brink of bankruptcy for several years and which is constantly benefiting from the injection of both public and private capital?
Experts from the American manufacturer are expected to present an acceptable plan of recovery for the company. Cameroon Intelligence Report understands Boeing had previously channeled the plan to Yaoundé and was approved by the 84 year old Cameroonian dictator, Paul Biya some eight months ago.
Camair-Co will benefit from a new recovery plan which is capable of allowing the company resumes flights. The company has been rocked by poor management and endemic corruption by its respective managers.
Today’s forum is an attempt to rescue the company by making public a proposed plan already validated by President Biya. Boeing Consulting’s stimulus, plans to inject 327 billion CFA francs over 5 years, 135 of which will be urgently needed through a technical partnership. The US manufacturer could also help Cameroon’s public air carrier to insure on-site maintenance of its 5 aircraft used for its traffic.
By Soter Tarh Agbaw-Ebai